Playing since 2005 lost 13+3 lakhs

[anayash]

suqared off some around 14.... continously buying and selling .. as of now having 690 lots in hand ...

Whoa! All the best!:thumb:

 

[trader.trends]

suqared off some around 14.... continously buying and selling .. as of now having 690 lots in hand ...

Are there any limits on how much an individual can hold in FNO?

 

[stock72]

Are there any limits on how much an individual can hold in FNO?

no idea.................

 

[tnsn2345]

Bot 5900 ce @ 17 60 lots

Dear S'72,

Undoubtedly you would get this option much cheaper next week, and in anycase this option is worthless (IMO) if planning to hold till expiry.

I am betting against any expiry over 5800 levels as of charts appearing today. Maybe could have different view at the next week end.

Regards,

tnsn2345,

In my opinion -- NF will not rest until it reach 6200+ ...
you know very well about me ... so I am happy that u will not ask why or how ...:lol::lol::lol::lol:

Dear S'72,

Ok, good you did not mention ...WHEN...so I take this liberty to ask you ...by when will the NF reach 6200+?

As an options trader, we are betting on 1) the direction 2) the magnitude and 3) the speed (aka TIME...i.e. by when????)

The third point above is redundant for a stock trader / stock portfolio, but can make an options trader redundant in the market.

A point in your case, the CE 5900 bought @ 17 on Friday is now available at 11.10 (LTP) today. Not that I am saying that you are wrong (or I am right) but the market didn't crash or slump (just down by 0.8%) to inflict such a large drawdown of 35% on this position (5.90 drop over 17.0).

Just another perspective to highlight the point and gravity of the situation : I could have purchased 92 lots with the same amount (as against 60 lots you did on Friday closing) at today closing. Provided I had a strong directional view, but not with expection of NF crossing 6200 at expiry, but closing atleast 1% up tomorrow to begin with.


Regards,

Are there any limits on how much an individual can hold in FNO?

At client level, it is, 1% of the free float market capitalization (in terms of number of shares) or 5% of the open interest in all derivative contracts in the same underlying stock (in terms of number of shares), whichever is higher.

Regards,

 

[stock72]

Dear S'72,

Ok, good you did not mention ...WHEN...so I take this liberty to ask you ...by when will the NF reach 6200+?

As an options trader, we are betting on 1) the direction 2) the magnitude and 3) the speed (aka TIME...i.e. by when????)

The third point above is redundant for a stock trader / stock portfolio, but can make an options trader redundant in the market.

A point in your case, the CE 5900 bought @ 17 on Friday is now available at 11.10 (LTP) today. Not that I am saying that you are wrong (or I am right) but the market didn't crash or slump (just down by 0.8%) to inflict such a large drawdown of 35% on this position (5.90 drop over 17.0).

Just another perspective to highlight the point and gravity of the situation : I could have purchased 92 lots with the same amount (as against 60 lots you did on Friday closing) at today closing. Provided I had a strong directional view, but not with expection of NF crossing 6200 at expiry, but closing atleast 1% up tomorrow to begin with.


Regards,



At client level, it is, 1% of the free float market capitalization (in terms of number of shares) or 5% of the open interest in all derivative contracts in the same underlying stock (in terms of number of shares), whichever is higher.

Regards,

Boss,

yes . you are correct . we can buy 92 lots today instead 60 lots on friday.
but if it again goes down tommorow then we can buy still more say 120 lots.
I agree that no one knows where it will go . hence on friday bot 60 lot to take advantage of fridays down. today bot 10 lots 5800 @ 30 and 120 lots of 6000 ce @ 5.15 to take advantage of todays down movement. now have no more budget to buy tommorow. so going to wait and watch.

means while for your question of when i am expecting 6200 by this expiry ( i know every one will laugh ) or atleast by mid august...

 

[tnsn2345]

Boss,

yes . you are correct . we can buy 92 lots today instead 60 lots on friday.
but if it again goes down tommorow then we can buy still more say 120 lots.
I agree that no one knows where it will go . hence on friday bot 60 lot to take advantage of fridays down. today bot 10 lots 5800 @ 30 and 120 lots of 6000 ce @ 5.15 to take advantage of todays down movement. now have no more budget to buy tommorow. so going to wait and watch.

means while for your question of when i am expecting 6200 by this expiry ( i know every one will laugh ) or atleast by mid august...

Dear S'72,

This is the biggest myth here that that Option price will go down if the NF will go down tomorrow. If NF opens flat (forget opening down), then too, the price of your option will be down by 10-11%, for it to open at par of today's price, NF will have to open and trade above 12 - 14 points up for the point GO.

Since you trade directional long Options positions, two points below will save you lots of money and increase your ROI if your forecast of NF at expiry holds good.

1) Go long on Options only when the move has 'STARTED' and
2) The move is expected to continue at 'FAST' pace

Regards,

 

[trader.trends]

D

Since you trade directional long Options positions, two points below will save you lots of money and increase your ROI if your forecast of NF at expiry holds good.

1) Go long on Options only when the move has 'STARTED' and
2) The move is expected to continue at 'FAST' pace

Regards,

Tnsn, I would add, get out when that move has failed or the pace is not what you expected.

 

[linkon7]

Dear S'72,

This is the biggest myth here that that Option price will go down if the NF will go down tomorrow. If NF opens flat (forget opening down), then too, the price of your option will be down by 10-11%, for it to open at par of today's price, NF will have to open and trade above 12 - 14 points up for the point GO.

Since you trade directional long Options positions, two points below will save you lots of money and increase your ROI if your forecast of NF at expiry holds good.

1) Go long on Options only when the move has 'STARTED' and
2) The move is expected to continue at 'FAST' pace

Regards,

s72 is more of a professional gambler. He has his methods and it works for him. As long as he is happy with his method, your advice is falling on deaf deaf ears here....!

 

[PGDIMES]

s72 is more of a professional gambler. He has his methods and it works for him. As long as he is happy with his method, your advice is falling on deaf deaf ears here....!

:rofl::rofl::rofl::rofl::rofl:

 

[manoharpillai]

Boss,

yes . you are correct . we can buy 92 lots today instead 60 lots on friday.
but if it again goes down tommorow then we can buy still more say 120 lots.
I agree that no one knows where it will go . hence on friday bot 60 lot to take advantage of fridays down. today bot 10 lots 5800 @ 30 and 120 lots of 6000 ce @ 5.15 to take advantage of todays down movement. now have no more budget to buy tommorow. so going to wait and watch.

means while for your question of when i am expecting 6200 by this expiry ( i know every one will laugh ) or atleast by mid august...

Spot nifty have to hold 5560 levels on closing basis for the continuation of this up move. For my long positions 5560 is trend reversal stop loss, i may buy call option today morning, expecting some weakness in the morning session.