Trading with PT style

[aditya14]

NF discount again gone above 20.
Seems market anticipating some fall....

discount pe itna dhyan mat diya karo its a tool to fool people but markets will fall on monday maybe not today....

 

[rrmhatre72]

discount pe itna dhyan mat diya karo its a tool to fool people but markets will fall on monday maybe not today....

Any specific reason for expected fall on Monday....

 

[aditya14]

Any specific reason for expected fall on Monday....

Too much expectations from tonights US job numbers

 

[rrmhatre72]

Too much expectations from tonights US job numbers

Yes. you may be right.

I feel another reason may be proposed fuel price hike on Monday.
Today most of the oil stocks are up due to that.
Not sure if all authorities will agree to proposed hike of Rs3.5/-as inflation is already at higher side. If they do not agree(or agree for lower hike) then all today's gain will turn info loss for many heavyweight of Index.

 

[praveen taneja]

Hi PT,

What is your view today?

not agreesive selling but will call it distrubution :thumb:

 

[praveen taneja]

Nf fut
buy 5106.35 tgt 5116.75 / 5133.60 sl 5089.50
sell 5066.20 tgt 5055.80 / 5038.95 sl 5083.05

 

[praveen taneja]

The Volatility Index (VIX), a measure of options traders’ view on risks in the market, may have dropped in the past few days, but another indicator in the options segment suggests the fear of downsides still persists. The volatility skew, which is a gauge of an options value vis--vis others, has been getting steeper, with traders purchasing more put options and selling call options. This indicates options traders are still betting on the possibility of a further fall and limited upsides.

Market participants follow volatility skew to keep track of where options traders are putting money. These traders aim to sell options at a higher premium (or higher implied volatility) to pocket the best possible premium and buy options at a cheaper premium (lower implied volatility) for higher upsides.

“The demand for at-the-money (current price) and out-of-the money puts (below current market price) combined with selling in at-the-money and out-of-the-money calls (above current market price) suggests that traders are being sceptical about the rise in the Nifty from current levels significantly.

This means, if the Nifty is at 5000, traders are buying puts at 5100 or above and selling calls at 4900 and below. Market participants said traders have been selling Nifty June 5100 calls and buying the index’s June puts of strikes between 4300-4700.

 

[praveen taneja]

I am stillon ydays 5000 put at cost 82 which still below my cost lets see

 

[rrmhatre72]

Hi PT & All,

Is it good idea to buy 5000put in the range of 75 to 78 before day end & carry position for tomorrow?
Suggestions.....

Hi PT,

I have baught 5000put yesterday @73.5.
what stop loss will you suggest for this?
My brokrage buy+ sell will be Rs 4.5.
So my net cost is Rs 78.
Currently it is at 79.

I feel market will fall today. Hence want to hold the position.

 

[praveen taneja]

Bro I am still for negative side but would hedge my put with 5200 call above 5110