Paper Trading: Positional Trades on Options

[simplebuthard]

Paper Trade 1:

Buy 2500 qty Wipro 580 PE @ 9.95 while spot @ 599.95 after making high 601.90

was showing 2500 qty sell order @ price 9.95. So would have bought it on that price even if this was real trades.

Will post chart later for the reason on this trade.

 

[simplebuthard]

The reason for the wipro put option paper trade is the chart below:

Wipro after making a upward rally upto 620 levels was laggin buying interest and it confirmed yesterday Evening start pattern. This evening start pattern is showing bearishness of the stock especially this occurs after a good upward rally.

 

[lemondew]

Hes doing 1 leg. . You seem to be the only odd guy here

May I ask: According to that post: What kind of long option strategies you have in mind to test? Will you leg in or will you implement them at once?

 

[simplebuthard]

The reason for the wipro put option paper trade is the chart below:

Wipro after making a upward rally upto 620 levels was laggin buying interest and it confirmed yesterday Evening start pattern. This evening start pattern is showing bearishness of the stock especially this occurs after a good upward rally.

Evening star pattern is in the below diagram;

Three candles jointly form the evening star pattern... first candle always bullish and the second one will besmall body either white/black and the third one is bearish candle.....

This pattern is powerful when only when it happens at a big up rally.. in consolidation periods, this is not powerful...

As Wipro rallied up for long high, i hope this trade should work on my favor. I will book profits if 580 Put reach 15 - 20 range.

Having stoplosses in stock options would be tough because of the whipsaws of the underlying... though having stop loss as per your convenient level recommended...

 

[james bond007]

Evening star pattern is in the below diagram;

Three candles jointly form the evening star pattern... first candle always bullish and the second one will besmall body either white/black and the third one is bearish candle.....

This pattern is powerful when only when it happens at a big up rally.. in consolidation periods, this is not powerful...

As Wipro rallied up for long high, i hope this trade should work on my favor. I will book profits if 580 Put reach 15 - 20 range.

Having stoplosses in stock options would be tough because of the whipsaws of the underlying... though having stop loss as per your convenient level recommended...

dear simplebuthard these chart setting which time-frame bossss ????

 

[simplebuthard]

dear simplebuthard these chart setting which time-frame bossss ????

The chart I posted from chartink is daily timeframe.

 

[simplebuthard]

As Wipro rallied up for long high, i hope this trade should work on my favor. I will book profits if 580 Put reach 15 - 20 range.

Having stoplosses in stock options would be tough because of the whipsaws of the underlying... though having stop loss as per your convenient level recommended...

While Wipro reached 575 spot, 580PE is @ 19.25. I am exiting here.

Buy entry was @ 9.95 . Exit @ 19.25. Profit around 23100 Rupees.

My Virutal capital becomes 223100 after my first Paper trade.

I will wait for my next paper trade.

 

[simplebuthard]

I expect Nifty to be bottom out today/tomorrow @ 7800 levels. If suppose today market touch 7840 and then if it comes by a fall upto 7800-7810, then I will buy 8000 CE for positional target.

Based on the options data, Highest Put contracts are 7800 & 7700 PEs. So i am expecting a pull back rally upto 8000 levels in next 4 to 5 trading sessions.

In daily charts timeframe, Nifty is clearly seeking support @ 7800 Levels since 8 -10 weeks, it is trading beyond 7800 levels.

I will buy 8000 CE @ 33-35 range when nifty spot touch @ 7805. will update here once i take position.

This will be 2nd paper trade. Not a real trade

 

[simplebuthard]

Waiting for good entry for my 2nd paper trade.

I am looking to buy 7900 CE if Nifty spot (NS) reaches 7780 because I am seeing upside move upto 8020 in this expiry.

I am looking for entry in few stock's options too. Looking for entry in any one of the below:

long entry in RCOM call options only if it closes above 108 at EOD,
Tata motors PUT options when above 500 spot,
Drreddy put options when above 2975 spot,
ONGC CE options above 420 EOD Close,
TCS CE options if it crosses 2755 spot.

Will update immediately once this 2nd trade taken.

 

[simplebuthard]

Waiting for good entry for my 2nd paper trade.

I am looking to buy 7900 CE if Nifty spot (NS) reaches 7780 because I am seeing upside move upto 8020 in this expiry.

I am looking for entry in few stock's options too. Looking for entry in any one of the below:

long entry in RCOM call options only if it closes above 108 at EOD,
Tata motors PUT options when above 500 spot,
Drreddy put options when above 2975 spot,
ONGC CE options above 420 EOD Close,
TCS CE options if it crosses 2755 spot.

Will update immediately once this 2nd trade taken.

Paper trade 2:

Bought 7900 CE @ 57 while Nifty spot touched 7767

Will hold this position for next week. Looking to book while Nifty spot reaches 7940-60 range.

Update: 500 qty So invested 500*57 = 28500. I will prefer to book anything above 50% profits that is target above 75.