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vinay28
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Joined: 24 Dec 2010
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Post: #5266  Posted: Fri Sep 28, 2012 11:40 am Post subject: |
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| sam, buying options on the first day is dicey as premium drops fast ininitial days. Unless thereis a sharp fall, it's best to squareoff on same day |
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psalm
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Joined: 12 Nov 2011
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| Post: #5267 Posted: Fri Sep 28, 2012 11:51 am Post subject: |
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| vinay28 wrote: | | sam, buying options on the first day is dicey as premium drops fast ininitial days. Unless thereis a sharp fall, it's best to squareoff on same day |
Vinay, I'm not extremely bearish........I was looking at selling Nifty around 5730 with stoploss above 5755 or so....but then thought its better to buy PUTs to avoid whipsaws and other tensions....I can still have a 20 point cushion there with options....one more advantage is that even if I decide to carry them overnight, they wont make me nervous as my loss will be limited. I'm just being cautious here....no idea which way the market is gonna go from here...though I'm MILDLY bearish at this point of time.....By the way, I didn't feel that the PUTs are pretty expensive, even today (1st day of a new series). This could be because of the lower volatility. |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #5268 Posted: Fri Sep 28, 2012 12:08 pm Post subject: |
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Vinay,
Which is the best time to buy Puts?My experience with options,especially with Nifty options is limited.
By the way,Yesterday I waited for your expiry special.I understood why there was no special after the day. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #5269 Posted: Fri Sep 28, 2012 12:47 pm Post subject: |
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| psalm wrote: | | Vinay, I'm not extremely bearish........I was looking at selling Nifty around 5730 with stoploss above 5755 or so....but then thought its better to buy PUTs to avoid whipsaws and other tensions....I can still have a 20 point cushion there with options....one more advantage is that even if I decide to carry them overnight, they wont make me nervous as my loss will be limited. I'm just being cautious here....no idea which way the market is gonna go from here...though I'm MILDLY bearish at this point of time.....By the way, I didn't feel that the PUTs are pretty expensive, even today (1st day of a new series). This could be because of the lower volatility. |
u r a dedicated bear, right from 4000s to now nearly 5700s or probably any opportunist  |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #5270 Posted: Fri Sep 28, 2012 12:50 pm Post subject: |
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| apka wrote: | | psalm wrote: | | Vinay, I'm not extremely bearish........I was looking at selling Nifty around 5730 with stoploss above 5755 or so....but then thought its better to buy PUTs to avoid whipsaws and other tensions....I can still have a 20 point cushion there with options....one more advantage is that even if I decide to carry them overnight, they wont make me nervous as my loss will be limited. I'm just being cautious here....no idea which way the market is gonna go from here...though I'm MILDLY bearish at this point of time.....By the way, I didn't feel that the PUTs are pretty expensive, even today (1st day of a new series). This could be because of the lower volatility. |
u r a dedicated bear, right from 4000s to now nearly 5700s or probably any opportunist |
Yes, We can say Hardcore Bear. :lol: |
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vinay28
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Joined: 24 Dec 2010
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| Post: #5271 Posted: Fri Sep 28, 2012 1:09 pm Post subject: |
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About 5740 is a 15 month high and if market is going to go up, it will have to be taken out by a gap up open or a strong upmove today itself, which is unsure since I don't rule out 5688 today, which, I feel, is an excellent level to go long. If 5740 is taken out 5850 is on cards. By the way sam, SL for 5600PE is 30 now, which was 40 on Tuesday.
RK - my expiry special is when NF is near a multiple of hundred around 1.30pm or if the little bird sings to me.
Unless you meant something else when you said "I understood why there was no special after the day." |
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psalm
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Joined: 12 Nov 2011
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| Post: #5272 Posted: Fri Sep 28, 2012 1:26 pm Post subject: |
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| apka wrote: | | psalm wrote: | | Vinay, I'm not extremely bearish........I was looking at selling Nifty around 5730 with stoploss above 5755 or so....but then thought its better to buy PUTs to avoid whipsaws and other tensions....I can still have a 20 point cushion there with options....one more advantage is that even if I decide to carry them overnight, they wont make me nervous as my loss will be limited. I'm just being cautious here....no idea which way the market is gonna go from here...though I'm MILDLY bearish at this point of time.....By the way, I didn't feel that the PUTs are pretty expensive, even today (1st day of a new series). This could be because of the lower volatility. |
u r a dedicated bear, right from 4000s to now nearly 5700s or probably any opportunist |
hahaha.....I had my reasons at that time, Apka........I had mentioned long back that I'm looking at a monthly closing above 5450 levels right?....At least, today we'll close above 5450 levels today, after a gap of 14 or 15 months.......  ....but I'm not over-joyed by that....hahaha....cos, i know the fundamentals....So, I'm just waiting on the sidelines for further long term strategies.....with some small trades and all....Anyway, by November or December we'll have a better idea, I feel....Let's wait and see if we'll have any clear trend by that time.... |
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psalm
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Joined: 12 Nov 2011
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| Post: #5273 Posted: Fri Sep 28, 2012 1:34 pm Post subject: |
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| psalm wrote: | | apka wrote: | ok, vinay. i am long for 5250 spot. 5262 shall face resistence.
sam, since u have become bearish, rains have been mellow in India. when will you change to bull |
I have realized that the life as a bear is pretty difficult.....something like unBEARable...I wish, I were a bull.....  ...by the way, to change my view, I'm looking at a close above 5260 levels, Apka...but I prefer a close above 5300 levels...if we close above 5260, I have a feeling that we could test 5350 levels again and might even test 5375 levels.....there is also possibility of the market testing 5425 and then 5455 levels. A monthly close above 5450 is what I'm looking at as a confirmation that the trend has really changed......till that time, I'm a LONG TERM BEAR with occasional bullishness.....but the life as a BEAR....oh man....its so difficult..  |
18th July post.... |
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vinay28
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| Post: #5274 Posted: Fri Sep 28, 2012 1:41 pm Post subject: |
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sam, you will wait till dec? when nifty will be 6500+?  |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #5275 Posted: Fri Sep 28, 2012 1:46 pm Post subject: |
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| vinay28 wrote: | | sam, you will wait till dec? when nifty will be 6500+? |
Who knows, Sam may have his last laugh in December.Though chances for that is bleak. |
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psalm
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| Post: #5276 Posted: Fri Sep 28, 2012 1:50 pm Post subject: |
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| vinay28 wrote: | | sam, you will wait till dec? when nifty will be 6500+? |
Hahaha...I have mentioned that as well....I might miss the bus by not going LONG.....but I still have patience.... ....the problem is that by the time, I start being bullish, the market might have reached its peak..... ....But still I am ready to wait....and will wait for a better opportunity to enter for long term....till that time, small positional trades are fine...by the way, I'm very much enjoying that kinda trades these days....especially after coming into this forum... ....its been only some 10 months, I have been here in this forum...but it seems like I have been here for years....  |
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apka
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Joined: 13 Dec 2011
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| Post: #5277 Posted: Fri Sep 28, 2012 2:27 pm Post subject: |
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5700pe adds 15 lakh shares intraday with ATP 75+
and all in the money calls including 5800ce shedding OI... a bit weird for start of the month. |
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rakpeds
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Joined: 24 Jun 2012
Posts: 481
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| Post: #5278 Posted: Fri Sep 28, 2012 2:34 pm Post subject: |
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| apka wrote: | 5700pe adds 15 lakh shares intraday with ATP 75+
and all in the money calls including 5800ce shedding OI... a bit weird for start of the month. |
what does that convey ,.. sry i am bit not able correlate OI and options |
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vinay28
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| Post: #5279 Posted: Fri Sep 28, 2012 2:37 pm Post subject: |
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| apka, is 5700PE rising and 5800CE falling? |
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apka
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| Post: #5280 Posted: Fri Sep 28, 2012 2:40 pm Post subject: |
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| rakpeds wrote: | | apka wrote: | 5700pe adds 15 lakh shares intraday with ATP 75+
and all in the money calls including 5800ce shedding OI... a bit weird for start of the month. |
what does that convey ,.. sry i am bit not able correlate OI and options |
Its assumed that option writers , write calls or puts and to earn what premium is lost. If calls are shedding OI, it means call writers are booking the shorts in calls probably cuz they expect market to rise further which would increase their loss of shorting the calls.
And when near strike put adds high OI it suggests market players are expecting that market wont fall or it will rise thereby earning from premium lost in puts later.
So it just saying market is not weak yet as per FNO data. There may still be upside left and we could see 5800+ in next week. |
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