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Option writing with assured Gain on investments |
SNG White Belt
Joined: 21 May 2007 Posts: 13
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Post: #16 Posted: Fri Jul 06, 2012 8:26 pm Post subject: |
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Settlement today
5200 put 35.45
5300 call 94.15
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arnav2007 White Belt
Joined: 29 Jun 2009 Posts: 46
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Post: #17 Posted: Sat Jul 07, 2012 1:00 pm Post subject: |
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vinay28 wrote: | arnav, midpoint of 5059 and 5441 is 5250 so if one had shorted as you had advised the apx profit at today's close of 5316 would be about 11.40. Am I right? |
Dear Vinay
Option writing is an ongoing process, we can't calculate day by day profits. Moreover, in option writing, one should have open mind about shifting options from one strick price to other strick price to protect his profits. Any rigid view is very dangerous in option writing.
Basic rule of stock trading i.e. trading with trend is also applicable in it also.
Best wishes
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arnav2007 White Belt
Joined: 29 Jun 2009 Posts: 46
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Post: #18 Posted: Sat Jul 07, 2012 1:06 pm Post subject: |
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rishu wrote: | Lot of thanks for adding to our knowledge...please tell me from where to get option pain calculator....pl. suggest some link, if you can, for further study of option pain calculator |
dear rishu
you can find details about option pain at following link:-
http://www.optiontradingpedia.com/option_pain.htm
Arnav
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arnav2007 White Belt
Joined: 29 Jun 2009 Posts: 46
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Post: #19 Posted: Mon Jul 09, 2012 3:27 pm Post subject: |
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Today settlement is going to about
5200 put @ 45
5300 call @64
Total 109
As Option Pain is still between 5200-5300 and resistance of 5300 strick price still working.
Today huge call writing at 5300 strick
No further writing till clear direction
Arnav
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dine White Belt
Joined: 11 Jul 2009 Posts: 73
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Post: #20 Posted: Mon Jul 09, 2012 4:21 pm Post subject: |
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To calculate Max Pain, the attached excel file can be used. OI for calls/puts has to be updated everyday.
Note: You may have to alter the formulas if more strike prices have to be added.
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Max-Pain-Calculator.xlsx |
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11.4 KB |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #21 Posted: Tue Jul 10, 2012 12:42 pm Post subject: |
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dine: quite a few of us are still using old version of Excel with .xls file ending. can you please oblige by saving as old version in your computer and giving us a copy?
thnx in advance, prakash holla
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dine White Belt
Joined: 11 Jul 2009 Posts: 73
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Post: #22 Posted: Tue Jul 10, 2012 12:45 pm Post subject: |
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Here it is.. The .xls version
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Max-Pain-Calculator.xls |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #23 Posted: Tue Jul 10, 2012 12:47 pm Post subject: |
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dine: thnx both for posting and for prompt reply
prakash holla
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arnav2007 White Belt
Joined: 29 Jun 2009 Posts: 46
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Post: #24 Posted: Tue Jul 10, 2012 6:02 pm Post subject: |
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Thanks to 'dine' for providing excel sheet.
Soon I alsol provide an excel sheet for keeping records of one's option writing trades and as per their writings of options where they would have maxi. profit or option pain.
Further today i am unable to post in live market. on tommorrow if market opens flat or with positive bias and above 5350 then we shall sq. of 5200 put in range 18-21 and write next month's put @ 5300 strick @ 90-100.
Reason for this, markets are in trending mode with upward bias. and option pain shifted towards 5300. Following is graph.
Arnav
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arnav2007 White Belt
Joined: 29 Jun 2009 Posts: 46
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Post: #25 Posted: Tue Jul 10, 2012 6:38 pm Post subject: |
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I'm attaching herewith an option trading sheet.
Sheet naming' option trading' is used to put trade held and subsequently done.
Sheet naming 'option pain' provides option pain of one's gross trades. wherever liability to SE is least there is maxi profit.
It is inter-linked file pls do not chane any string while using.
hope it is helpful!
Arnav
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Option Trading Sheet.xls |
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69 KB |
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nkiran White Belt
Joined: 02 Apr 2010 Posts: 38
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Post: #26 Posted: Wed Jul 11, 2012 9:09 am Post subject: |
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arnav2007 wrote: | I'm attaching herewith an option trading sheet.
Sheet naming' option trading' is used to put trade held and subsequently done.
Sheet naming 'option pain' provides option pain of one's gross trades. wherever liability to SE is least there is maxi profit.
It is inter-linked file pls do not chane any string while using.
hope it is helpful!
Arnav |
Hi,
You can use options oracle to find out the pain.
you need to use NSE server.
regards,
nkiran
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arnav2007 White Belt
Joined: 29 Jun 2009 Posts: 46
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Post: #27 Posted: Wed Jul 11, 2012 10:28 am Post subject: |
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arnav2007 wrote: | Thanks to 'dine' for providing excel sheet.
Soon I alsol provide an excel sheet for keeping records of one's option writing trades and as per their writings of options where they would have maxi. profit or option pain.
Further today i am unable to post in live market. on tommorrow if market opens flat or with positive bias and above 5350 then we shall sq. of 5200 put in range 18-21 and write next month's put @ 5300 strick @ 90-100.
Reason for this, markets are in trending mode with upward bias. and option pain shifted towards 5300. Following is graph.
Arnav |
Trade taken sq. off 5200 put @ 24 and write next month's put @ 5300 strick @ 103.
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rakpeds White Belt
Joined: 24 Jun 2012 Posts: 481
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Post: #28 Posted: Wed Jul 11, 2012 10:32 am Post subject: |
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arnav2007 wrote: | arnav2007 wrote: | Thanks to 'dine' for providing excel sheet.
Soon I alsol provide an excel sheet for keeping records of one's option writing trades and as per their writings of options where they would have maxi. profit or option pain.
Further today i am unable to post in live market. on tommorrow if market opens flat or with positive bias and above 5350 then we shall sq. of 5200 put in range 18-21 and write next month's put @ 5300 strick @ 90-100.
Reason for this, markets are in trending mode with upward bias. and option pain shifted towards 5300. Following is graph.
Arnav |
Trade taken sq. off 5200 put @ 24 and write next month's put @ 5300 strick @ 103. |
arnav sir... i want to enter now... pls suggest me which options to write at this stage to start with...
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arnav2007 White Belt
Joined: 29 Jun 2009 Posts: 46
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Post: #29 Posted: Wed Jul 11, 2012 4:54 pm Post subject: |
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option sheet as per updated trades
arnav
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Option Trading Sheet.xls |
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rakpeds White Belt
Joined: 24 Jun 2012 Posts: 481
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Post: #30 Posted: Wed Jul 11, 2012 4:59 pm Post subject: |
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rakpeds wrote: |
Trade taken sq. off 5200 put @ 24 and write next month's put @ 5300 strick @ 103. |
arnav sir... i want to enter now... pls suggest me which options to write at this stage to start with...
[/quote]
PLease let me know the above query sir,
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