Stocks To Keep A Close Eye On

[stockBond]

Sesa Goa Ltd. has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 53411 lacs for quarter ending on 30-SEP-2009 against Rs. 86984 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 16646 lacs for the quarter ending on 30-SEP-2009 against Rs. 33662 lacs for the quarter ending on 30-SEP-2008.

Savant sir

what is ahead till this month end ?? ........I am really worried after looking at Q2 results.

 

[rajeshn2007]

Hi Rajesh,

Thanks for the encouraging words.
Rajesh, I normally look for a 10% return from the option. Hence the option could be 7% or 10% OTM. Also I tend to keep the delta neutral so that loss on one side is covered by the profit from the other side. I may not be able to cover the loss totally but with time decay, I normally get in profit. Also, as time passes, I adjust my position in such a way that on the adjustment date, my upper breakeven and lower breakeven are shifted in a similar manner as per the movement of NIFTY. Hence probability of reaching the breakeven points is the same as in the original strategy. Adjustment is made by geting rid of the loss making call / put and writing higher / lower call / put. Hope I am clear on the strategy.
In case there is a rally / crash, I have the option to quit. But I have seen that whitout any news (election results, etc) the market does not rally / crash more than 8 - 10% in a month. Hence this strategy.

Reagrds
ANMOL

Hi Anmol,
I understand your strategy. Everything is fine , I would like to add point that , you could take positions of same quantity.Let us not disturb this thread with option strategies, we can discuss it here

 

[v4vijayan]

Savant,

Edelweiss has gapped down and settled at 502.95 from the previous day high 529. What the graph says now?. Is it expected to go down or giving false signal?..

Thank you
Vijayan

 

[SavantGarde]

Hi Rajesh,

Anmol Is Not Looking For Strategy/Strategies, He Has Everything Worked Out & He Is Quite Adept At It.....He Posts Here Just So...I Can Tell Him When To Get Off On A Particular leg Of His Position & Perhaps Squeeze More Out Of It, Than Holding Everything Till Expiry.

Happy & Safer Trading

SavantGarde

Hi Anmol,
I understand your strategy. Everything is fine , I would like to add point that , you could take positions of same quantity.Let us not disturb this thread with option strategies, we can discuss it here

 

[SavantGarde]

Hi Anmol,

Wait For Another Day To See....

Will Post The Levels....But Check...For 5048 Level To Offload Perhaps 100 Out Of 200....If You See...For Some Reason 5000 Being Breached Momentarily....Then Offload The Balance 100 Too...

Happy & Safer Trading

SavantGarde

Hi SG,

I have got rid of the 5200 CE which I had written a few days back. Loss on this is RS 827 (incl brokerage) However, all my other written calls are in profit and hopefully by expiry I will pocket all the premium.
If you remember, I had written 5300 CE 200 @ 32.7 which is now at 11.6. Do you feel that I should get rid of this as well in case nifty approaches 5300 by expiry ?

Regards
ANMOL

 

[hills_5000]

Hi Savant ,

Whoa ! are we looking at those levels now ? I thought the sky was going to be clear barring the occasional minor clouding !!!

regards

Amit

Hi Anmol,

Wait For Another Day To See....

Will Post The Levels....But Check...For 5048 Level To Offload Perhaps 100 Out Of 200....If You See...For Some Reason 5000 Being Breached Momentarily....Then Offload The Balance 100 Too...

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Hi Amit,

I Have To Paint All The Possibilities So One Can Override Any Urgent Need For Communication...Chances Are Any Communication Would be Too Late.

Moreover...100 Point If It Happens Is Still Just A Minor Storm In A Tea Cup....Hope You Like Tea & Storm....Makes For Quite A Heady Mx...

Happy & Safer Trading

SavantGarde

Hi Savant ,

Whoa ! are we looking at those levels now ? I thought the sky was going to be clear barring the occasional minor clouding !!!

regards

Amit

 

[enygma]

100 point drop is a minor 2% clouding - not even a storm. And even that small cloud is still in the realm of possibility and probability only till it occurs ...

Regards,
Enygma.

Hi Savant ,

Whoa ! are we looking at those levels now ? I thought the sky was going to be clear barring the occasional minor clouding !!!

regards

Amit

 

[RamananS]

Hi Savant Ji,

Do I need to look at 5048/5000 levels for my stocks too to offload?

 

[hills_5000]

Tea and Storm ... have had my share of them .. quite tricky ..and one has to adopt various postures to make sure the tea doesnt spill over...lol..quite funny actually ..heady mixes...Id rather have the actual ones

But , Understood . BTW me thinks a bear trap being setup

Regards

Amit

Hi Amit,

I Have To Paint All The Possibilities So One Can Override Any Urgent Need For Communication...Chances Are Any Communication Would be Too Late.

Moreover...100 Point If It Happens Is Still Just A Minor Storm In A Tea Cup....Hope You Like Tea & Storm....Makes For Quite A Heady Mx...

Happy & Safer Trading

SavantGarde