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NIFTY VIEW - November |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #511  Posted: Wed Nov 21, 2012 11:14 am Post subject: |
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| Took a chance and bought 6300CE for Dec @1.85. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #512 Posted: Wed Nov 21, 2012 11:16 am Post subject: |
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| vinay28 wrote: | | Took a chance and bought 6300CE for Dec @1.85. |
Took a chance????  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #513 Posted: Wed Nov 21, 2012 11:20 am Post subject: |
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| almost nothing to loose! Above 6100CE, 6500CE has highest OI for Dec |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #514 Posted: Wed Nov 21, 2012 11:26 am Post subject: |
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| vinay28 wrote: | | Took a chance and bought 6300CE for Dec @1.85. |
how do you make money on that? no brokerage? transaction costs? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #515 Posted: Wed Nov 21, 2012 11:26 am Post subject: |
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| vinay28 wrote: | | almost nothing to loose! Above 6100CE, 6500CE has highest OI for Dec |
I know....that you're not risking anything....That's why asked..Vinay......its like throw-away price.....lol: |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #516 Posted: Wed Nov 21, 2012 11:36 am Post subject: |
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| 2.45/2.50 all inclusive |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #517 Posted: Wed Nov 21, 2012 11:37 am Post subject: |
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| vinay28 wrote: | | Took a chance and bought 6300CE for Dec @1.85. |
But why 6300CE and not 6100CE or 6200CE.
What is the criteria for your selection, only low price or something more.
Please elaborate.
Thanks |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #518 Posted: Wed Nov 21, 2012 11:45 am Post subject: |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #519 Posted: Wed Nov 21, 2012 11:46 am Post subject: |
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| vinay28 wrote: | | 2.45/2.50 all inclusive |
for a base price of 1.85
I think you are paying too much of brokerage |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #520 Posted: Wed Nov 21, 2012 12:11 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: | | 2.45/2.50 all inclusive |
for a base price of 1.85
I think you are paying too much of brokerage |
indeed. how many lots vinay? in zerodha if u bought 20 lots @ 1.85, ur cost price would be near 1.95 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #521 Posted: Wed Nov 21, 2012 12:20 pm Post subject: |
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saumya, low price is only criterion. Buy and forget it. But at the same time, it is because of a feeling that sharp rise is possible otherwise I wouldn't buy. Yes brokerage is 60p but it's OK since it is fixed at any price. It's just that for 1.85 it is a high %.
apka, it's independent of no. of lots |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #522 Posted: Wed Nov 21, 2012 12:28 pm Post subject: |
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| psalm wrote: | I'll be waiting for the high made by BankNifty at this hour's (10-11 candl candle.....some kinda confirmation of bullishness will come if we can take out the high of this hour's candle during the day....  |
BankNifty spot has taken out its (10-11) candle high...but future has just tested the candle high and then went down.....it will have momentum or have further buying only if it breaks above 11464 future levels....I feel...anyway, let's wait and see... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #523 Posted: Wed Nov 21, 2012 12:37 pm Post subject: |
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| psalm wrote: | | vinay28 wrote: | | almost nothing to loose! Above 6100CE, 6500CE has highest OI for Dec |
I know.... you're not risking anything.....its like throw-away price. |
Vinay/Sam: Because it is PRICE-LESS????
Prakash Holla
Vinay is happily throwing these tidbits at us! Sometime back he reco 6100 Nov call and 6300 Dec call. I bought both. Vinay, what is your bhavishya vani for these options? |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #524 Posted: Wed Nov 21, 2012 12:37 pm Post subject: |
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| vinay28 wrote: | saumya, low price is only criterion. Buy and forget it. But at the same time, it is because of a feeling that sharp rise is possible otherwise I wouldn't buy. Yes brokerage is 60p but it's OK since it is fixed at any price. It's just that for 1.85 it is a high %.
apka, it's independent of no. of lots |
At zerodha each executed trade is 20 INR irrespective of no. of lots whether 1, 10 or 10,000 in a single order
So for options or even otherwise it is very economical |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #525 Posted: Wed Nov 21, 2012 12:41 pm Post subject: |
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yes saumya, I know.
Prakash, I like to gamble at the fringes and that is exactly what I had said. Buy and forget because loss is minimal. By the way I had said 6000CE for nov and not 6100 if I remember right. Anyway, these CEs for nov are worthless as of now.
After the nifty is flat and listless, I go for 10-14% move either way over a month and I felt, and even feel now, that -10-14% may not happen. e.g. I had bought 5400CE for Feb in end Dec. last year |
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