Picking up nickels in front of steamroller!!

[jvblogger]

Hows it going for you this month jv? After some very easy months facing some pressure on calls this month..

Going good.

Which calls are creating pressures?

 

[cool_kk]

Going good.

Which calls are creating pressures?

I sold 5400 PE--> Sold day before
5600 CE--> last month @ 56
5700 CE--> last month @ 42

Backing 5600 CE with futures otherwise also.. if market doesn't end on 5700 then I will be OK.. will short 5500 if market touches 5650.

Average price/Current price
OPT-NIFTY-30-Sep-2010-5400-PE Sell -21.25 21.80
OPT-NIFTY-30-Sep-2010-5700-CE Sell -42.05 24.15
OPT-NIFTY-30-Sep-2010-5600-CE Sell - 57.65 66.60

 

[MaxX]

This rapidly rising VIX environment is difficult for option writers.. if one writes an option the price keeps increasing on both sides even if there is not much movement ..

 

[stock72]

Any one alive here ?

 

[alroyraj]

I think the steamroller got someone... ::;-)::

 

[stock72]

I think the steamroller got someone... ::;-)::

may be every one there account to huge volatility in past months ...

 

[alroyraj]

I know. When you take small profits,one bad loss will hit the profits. Options overnight hit everyone. Hence it is better to have higher time frame trades in equity and futures. Still options intraday are more rewarding as shown by many traders here even though people find it hard to believe.

 

[timepass]

I know. When you take small profits,one bad loss will hit the profits.

That is assuming that the trader doesn't keep a stop loss. A small profiteer will also have a tendency to keep tight stop loss. An OK strategy..

Just my 2c.

 

[alroyraj]

That is assuming that the trader doesn't keep a stop loss. A small profiteer will also have a tendency to keep tight stop loss. An OK strategy..

Just my 2c.

No yaar overnight values of options change fast how can you keep SL on these. Plus time decay eats up the premium.

 

[MaxX]

Am still trading this.. still profitable.. after a small hiccup in sept (minimal loss due to going long calls on breakout), last 2 months been great

jv.. hows it going for you?