BNF -Option Trading - Intraday

[marimuthu13]

Looks like Options selling is feasible ..

Using Bracket order (BO), most of the discounted brokers offers 5X margin for index option selling for intraday.

 

[marimuthu13]

4th Consecutive loss trades in BNF intraday option writing..

all trades are with equal SL of 15 points..means 600 rs per lot per trade plus 40 rs charges...

Out of 4 trades , 2 trades had moved into 1:4 RR, but was waiting for either target or SL to hit...finally SL hit

 

[govindheg]

Hi, what went wrong?
In BNifty, 15 point SL is of no use. I too got hit many times with that kind of SLs.
Now I am scared to run naked shorts.

 

[anildnr]

Hi muthu..just curious to know what are the premiums at the time u sold bn options...if it is like above 100 rupees..15 rupees will not work as one swing of 40 points in bn spot will hit your sl.and also dont trade one side with shorts unless until u are 100% confident...

4th Consecutive loss trades in BNF intraday option writing..

all trades are with equal SL of 15 points..means 600 rs per lot per trade plus 40 rs charges...

Out of 4 trades , 2 trades had moved into 1:4 RR, but was waiting for either target or SL to hit...finally SL hit

 

[marimuthu13]

Hi, what went wrong?
In BNifty, 15 point SL is of no use. I too got hit many times with that kind of SLs.
Now I am scared to run naked shorts.

Nothing went wrong ...BNF is moving very randomly in last 4-6 trading days.. look at 30 mintues chart of BNF for past 5 trading days.

7th June..GAP UP
8th June GAP DOWN
11th June GAP UP
12th flat ( but seen wild swings on 2 candle 12.15 and 12.45 PM candles..

13th GAP UP.

just plot 30 mintues chart using super trend 10,3 or 10,4 ,,you will see it ...

15 points will do for me as i sell at critical points of pivots levels

 

[marimuthu13]

Hi muthu..just curious to know what are the premiums at the time u sold bn options...if it is like above 100 rupees..15 rupees will not work as one swing of 40 points in bn spot will hit your sl.and also dont trade one side with shorts unless until u are 100% confident...

all premium value is are above 200..

9th June..Sold 26300 CE @ 254 , after selling went down till 198 but again bounced to hit SL ( target was 168)

12th June , again same 26300 CE sold at 296 , after selling went down to 270, then hit SL. (target was 188)

second trade , sold 26800 PE, at 317, went down to 257 but again hit SL ( target was 220)

and today , sold 26800 PE @ 200, though it went down to 155 but after hitting SL only..

 

[govindheg]

all premium value is are above 200..

9th June..Sold 26300 CE @ 254 , after selling went down till 198 but again bounced to hit SL ( target was 168)

12th June , again same 26300 CE sold at 296 , after selling went down to 270, then hit SL. (target was 188)

second trade , sold 26800 PE, at 317, went down to 257 but again hit SL ( target was 220)

and today , sold 26800 PE @ 200, though it went down to 155 but after hitting SL only..

Hi,
Didn’t you employ trailing stop loss?

 

[anildnr]

Hi muthu..afte

all premium value is are above 200..

9th June..Sold 26300 CE @ 254 , after selling went down till 198 but again bounced to hit SL ( target was 168)

12th June , again same 26300 CE sold at 296 , after selling went down to 270, then hit SL. (target was 188)

second trade , sold 26800 PE, at 317, went down to 257 but again hit SL ( target was 220)

and today , sold 26800 PE @ 200, though it went down to 155 but after hitting SL only..

Hi muthu..after seeing your trades..i feel all ur positions are itm. So 15rs sl is nothing because there is 5rs diff itself in bid and offer prices only. Not sure how u r setting ur targets because ur targets are almost 100rs and sl is 15rs..there are minor chances of hitting targets in bn itm..atleast you should have opposite trade to safeguard ur naked short..if i see ur trade details all are having real value apart from time value

 

[anildnr]

Hi muthu..afte

Hi muthu..after seeing your trades..i feel all ur positions are itm. So 15rs sl is nothing because there is 5rs diff itself in bid and offer prices only. Not sure how u r setting ur targets because ur targets are almost 100rs and sl is 15rs..there are minor chances of hitting targets in bn itm..atleast you should have opposite trade to safeguard ur naked short..if i see ur trade details all are having real value apart from time value

Anyway dont worry about past things just trade with hedging..definitely u will make it

 

[marimuthu13]

Hi,
Didn’t you employ trailing stop loss?

NO TSL..i never practiced it in any of trades..