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Nifty View - September Series 2013 |
vinay28
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Joined: 24 Dec 2010
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Post: #526  Posted: Mon Sep 30, 2013 12:46 pm Post subject: |
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| pkholla wrote: | Vinay the nearest ITM options are:
CMP= 5806
5800 call = 166 = 6 intr + 160 time
5850 put = 188= 44 intr + 144 time
What is your opinion about selling 1 lot each of 5800 call AND 5850 put and eating the time premium? Prakash Holla |
not bad but strike prices are too close. 5900pe is nearest better. But what will be your SL levesl? |
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apka
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| Post: #527 Posted: Mon Sep 30, 2013 12:47 pm Post subject: |
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Risky PK, VIX is again rising, range of nifty is expanding.
Useful only if nIfty remains range bound. But if it moves like last month, definate loss. |
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amitagg
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| Post: #528 Posted: Mon Sep 30, 2013 12:51 pm Post subject: |
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| Prakash...i have shorted very small qnt...call and put 5900....did the same with 6000 call put few days back and took the premium....guess market would range between 5550-6350 and even till Oct 15-16, selling options can be done......be careful of lower strikes though since market already fallen by 400 points.... |
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pkholla
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| Post: #529 Posted: Mon Sep 30, 2013 12:55 pm Post subject: |
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| Thanks to Amit, Apka and Vinay for suggestions. I will monitor one or 2 such pair sales as dry run and then only go for it after one more cycle of NF finishes. Thanks once again to all 3! Prakash Holla |
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vinay28
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| Post: #530 Posted: Mon Sep 30, 2013 2:47 pm Post subject: |
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| Today's low was 38.2% retracement. If today's low holds, we may again see 6250+. |
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reemajainiaf
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Joined: 17 Sep 2013
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| Post: #531 Posted: Mon Sep 30, 2013 2:53 pm Post subject: |
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| I have taken 5500 put positional. Planning to hold for 4 to 5 trading sessions. Experts kindly advice. |
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apka
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| Post: #532 Posted: Mon Sep 30, 2013 2:56 pm Post subject: |
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| 55-60 points premium.... it would be difficult to go up with such high premium. |
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vinay28
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| Post: #533 Posted: Mon Sep 30, 2013 2:58 pm Post subject: |
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| reemajainiaf wrote: | | I have taken 5500 put positional. Planning to hold for 4 to 5 trading sessions. Experts kindly advice. |
the trend is down but market can do anything and hence keeping a good SL is necessary. it also depends on at what level of nifty you bought puts. If nifty spot closes above 5784, I suggest you may cover your puts for today. but you should be having some experience of options to trade in them. |
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vinay28
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| Post: #534 Posted: Mon Sep 30, 2013 3:03 pm Post subject: |
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| I think today CAD data will be released. |
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reemajainiaf
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Joined: 17 Sep 2013
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| Post: #535 Posted: Mon Sep 30, 2013 3:07 pm Post subject: |
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| I bought it at today's opening itself when NS was trading at 5800 levels. It is in profit. Wanted to know if I should keep it for a few days or book profit today itself. |
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vinay28
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| Post: #536 Posted: Mon Sep 30, 2013 3:07 pm Post subject: |
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| apka wrote: | | 55-60 points premium.... it would be difficult to go up with such high premium. |
there is a caveat about today's low, apka. also premium was 85 too. |
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apka
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| Post: #537 Posted: Mon Sep 30, 2013 3:16 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | 55-60 points premium.... it would be difficult to go up with such high premium. |
there is a caveat about today's low, apka. also premium was 85 too. |
yep, seen your post. spot/fut new low made. new low in bank nifty also.
i am sensing 5550 will come within this week from price action and with VIX crossing 30 again (disclaimer to pointers: I can be 100% wrong  ) |
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vinay28
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| Post: #538 Posted: Mon Sep 30, 2013 3:22 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka wrote: | | 55-60 points premium.... it would be difficult to go up with such high premium. |
there is a caveat about today's low, apka. also premium was 85 too. |
yep, seen your post. spot/fut new low made. new low in bank nifty also.
i am sensing 5550 will come within this week from price action and with VIX crossing 30 again (disclaimer to pointers: I can be 100% wrong ) |
apka, crossing today's low wasn't sacrosant in terms of absolute level since fibo retracements are almost always crossed even when it is going to reverse. today's post 3pm fall is mainly due to IT. But today's cad data, what happens in Italy and US, etc. will weigh on markets. I just feel that 5500 may not come immediately i.e. this week unless global markets collapse tonight/tmrw. |
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vinay28
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| Post: #539 Posted: Mon Sep 30, 2013 3:23 pm Post subject: |
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| reemajainiaf wrote: | | I bought it at today's opening itself when NS was trading at 5800 levels. It is in profit. Wanted to know if I should keep it for a few days or book profit today itself. |
then you are making good profit and you must book is my honest opinion. Usual disclaimer holds good. |
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reemajainiaf
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Joined: 17 Sep 2013
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| Post: #540 Posted: Mon Sep 30, 2013 3:29 pm Post subject: |
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| Thanks for your suggestion and opinion. |
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