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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #4846  Posted: Thu Aug 30, 2012 3:14 pm Post subject: |
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| taxmann50 wrote: | Will it be 5350?  |
In my opinion we're in the resistance range now....but on expiry days, anything is possible....  ...let's see... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4847 Posted: Thu Aug 30, 2012 3:22 pm Post subject: |
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Anyone saw MTNL?????...I have mentioned earlier that the stock has a target of 27 in September......went above 45 today....and then crashed.....current rate is around 35....  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4848 Posted: Thu Aug 30, 2012 3:30 pm Post subject: |
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| pkholla wrote: | | Saumya 12: your CE 5300 touched Rs 7.15 at 1328, Rs 6.6 at 1427. Hope u cashed in at least partially. Now shooting up. Congrats, Prakash Holla |
Yes, it should have been a good trade, but sorry, I messed up all. Anyway, its part of the trade. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #4849 Posted: Thu Aug 30, 2012 3:36 pm Post subject: |
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| saumya12 wrote: | | Yes, it should have been a good trade, but sorry, I messed up all. Anyway, its part of the trade. |
Why? Even if u didnt square off before 1530, at end it was Rs 13 or so. Problem is high STT will be charged to u on full value (5313) not premium alone. Anyway good learning procedure for u. And free trading lesson for rest of us following the trade! Regards, Prakash Holla |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4850 Posted: Thu Aug 30, 2012 3:51 pm Post subject: |
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| saumya12 wrote: | | pkholla wrote: | | Saumya 12: your CE 5300 touched Rs 7.15 at 1328, Rs 6.6 at 1427. Hope u cashed in at least partially. Now shooting up. Congrats, Prakash Holla |
Yes, it should have been a good trade, but sorry, I messed up all. Anyway, its part of the trade. |
Sorry to say this saumya! How can it be part of the trade?.you bought CE 5300 around 3 and your trade plan is to wait for nifty to move above 5300. it did went up and closed around 12 as you are aware.
It's ok, incase you messed up as you stated.It's your money and you got every right to do so.
But, what I could not understand is.... how can it be part of the trade?...I wonder..... 
You please realise that you failed to stick on to your trading plan....that's it.Don't say that it's part of the trade.....It can never be.....Such stance will help you to be better disciplined in your future trades.
Please don't misunderstand.My point is to be strict with your mistakes,don't give any concessions, eventhough it's harder to be like that. I assure you that such a stance will improve your trading sucess. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4851 Posted: Thu Aug 30, 2012 4:02 pm Post subject: |
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0.30 to 15. Who traded? 
Saumya, 5300ce went up from 1.9 to 4.7 then down to 2.8 and then 5.4 then down again and then 7.15 then to 0.30 to 15. You had enough time to square off if you did not panic. In my post yesterday, I had posted that today will be very volatile. AND if you were not full time on your terminal then don't trade.
One way to safeguard yourself is calculate likely value of your option in advance from option calculator.
Don't allow this to break your heart. But read a lot on option trading, though I haven't! 
The only book I have read is "The four biggest mistakes in option trading" By Jay Kaeppel. But in some thread I had posted some material over a year ago. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4852 Posted: Thu Aug 30, 2012 4:07 pm Post subject: |
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| Saumya, note on option trading attached. I haven't read it for quite some time and hence may need editing. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4853 Posted: Thu Aug 30, 2012 4:24 pm Post subject: |
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Vinay,
Nifty opened at 5280, low is 5259 high is 5319.
5300 PE opened at 22.55 high is 40.95 (Low 0.05)
5300 CE opened at 9.70 high is 15 (low 0.30)
It worked .The main point is as you predicted volatility is present and with minimum risk one can get benefit out of it. For example CE went to 0.30 before 45 minutes to closing,and closed at 12.25.
Kudos! Vinay ( I did benefited from this volatility on a trial basis. Not sufficient to go for a vacation.) |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4854 Posted: Thu Aug 30, 2012 4:28 pm Post subject: |
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| psalm wrote: | | Anyone saw MTNL?????...I have mentioned earlier that the stock has a target of 27 in September......went above 45 today....and then crashed.....current rate is around 35.... |
Is there any reason for fall or it's just an F&O game! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4855 Posted: Thu Aug 30, 2012 4:31 pm Post subject: |
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| thanks rk. my average cost was 3 and sell price 13. I also bought 5200ce at 66 and sold at 113. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4856 Posted: Thu Aug 30, 2012 4:36 pm Post subject: |
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| vinay28 wrote: | | thanks rk. my average cost was 3 and sell price 13. I also bought 5200ce at 66 and sold at 113. |
Well, last few months closings were flat.How you expected for volatality this month.It seems tomorrow could be a gap down if you look at Euorpe or US Futures right now.
To be frank, I expected a downward trend today.considering Global markets move and GDP data.Every thing moved as I expected except Nifty.  |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #4857 Posted: Thu Aug 30, 2012 4:40 pm Post subject: |
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wow thats brilliant vinay..
were u expecting mkt rally till 5315 odd or was it just a gamble??...
| vinay28 wrote: | | thanks rk. my average cost was 3 and sell price 13. I also bought 5200ce at 66 and sold at 113. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4858 Posted: Thu Aug 30, 2012 4:46 pm Post subject: |
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| riteshucha wrote: | wow thats brilliant vinay..
were u expecting mkt rally till 5315 odd or was it just a gamble??...
| vinay28 wrote: | | thanks rk. my average cost was 3 and sell price 13. I also bought 5200ce at 66 and sold at 113. |
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His expectation is 5350 but though it fell short.It gave a fantastic opportunity from 0.30 to 15 ....Ha...Haa..Haa |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4859 Posted: Thu Aug 30, 2012 5:53 pm Post subject: |
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| vinay28 wrote: | | thanks rk. my average cost was 3 and sell price 13. I also bought 5200ce at 66 and sold at 113. |
nice, how'd you have the courage to hold it after it fell from 4 to under 0.5 that too near 3pm with an OI over 1cr!
I had bought it earlier @ 2.5 and exited @ 1 just before 3pm after seeing the sudden fall. Just saw what drama happened after it, 15 high, crappo! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4860 Posted: Thu Aug 30, 2012 6:01 pm Post subject: |
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| I did expect NF to cross 5300 since morning itself. And then, as per 9.30 strategy, the target of reverse long trade was 5319NF. So I waited. rest is history. Every dog has his days, today was mine! |
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