Great Options Strategy for Zerodha and similar only

[GuluGulu]

Real Trade: NF @ 5515.

Sold 5600PE 8 lots @ 141/-
Bought 5500PE 10 lots @ 87/-

Realized profit from 5600PE is 8850/-

This way previous position is squared off with little profit instead of LOSS as the outlook was bullish. Ideally position should be squared off @ 5500 level, but I took a chance and did it 15 points earlier.

Now the new current position is

10 lots 5500CE + 10 lots 5500PE, with a 1:1 Put-Call ratio with intraday neutral bias.

 

[rajsingh]

Real Trade: NF @ 5515.

Sold 5600PE 8 lots @ 141/-
Bought 5500PE 10 lots @ 87/-

Realized profit from 5600PE is 8850/-

This way previous position is squared off with little profit instead of LOSS as the outlook was bullish. Ideally position should be squared off @ 5500 level, but I took a chance and did it 15 points earlier.

Now the new current position is

10 lots 5500CE + 10 lots 5500PE, with a 1:1 Put-Call ratio with intraday neutral bias.

So what you made on the 5600 put u put back into the 5500 put.

Net you are taking a hit of about 8500 if we go nowhere now.

I hope u know what u are doing.

 

[stock72]

Gulugulu,
nice to hear ur daugther now ok.
would you please post the doctor details so that we can remember and advise to the needy one.

 

[GuluGulu]

Gulugulu,
nice to hear ur daugther now ok.
would you please post the doctor details so that we can remember and advise to the needy one.

The Doctor is Dr. Rajan Sankaran. He lives in Juhu area in Mumbai. Just Google his name. He is probably the best and No. 1 homeopathic doctor in the world after Samuel Hahnemann. Don't take my word - just use Google and you will find.

Please see Post # 21 for more details.

GG

 

[pundit]

Real Trade: NF @ 5515.

Sold 5600PE 8 lots @ 141/-
Bought 5500PE 10 lots @ 87/-

Realized profit from 5600PE is 8850/-

This way previous position is squared off with little profit instead of LOSS as the outlook was bullish. Ideally position should be squared off @ 5500 level, but I took a chance and did it 15 points earlier.

Now the new current position is

10 lots 5500CE + 10 lots 5500PE, with a 1:1 Put-Call ratio with intraday neutral bias.

5500 CE now at 101 .. here your are loosing 10000/

 

[pundit]

Real Trade: Bought when NF around 5550

5500CE 10 lot @ 121/-
5600PE 8 lot @ 119/-

Total investment around 110,000/-

With a 5:4 Call-Put ratio with bullish outlook in the market. Let's see what happens. Will sqareoff @ 5500 or 5600 and take a new trade. It is my target to gain just 1% net in a day on my investment capital. i.e. around 1100/-. If market remains whole day at around 5550, then this position will loose maximum value due to time decay, but it would be low, as today is 9th may.

If the market was in bullish outlook.............I think 5600CE adn 5500 PE should have been bought.. kindly clear my doubt...

 

[GuluGulu]

If the market was in bullish outlook.............I think 5600CE adn 5500 PE should have been bought.. kindly clear my doubt...

Yes, that should be done - I did a little mistake here - Apology. Anyway, that trade gave little loss too assuming you squared everything at around NF at around 5500 - 50 points below.

For example, NF low @ 5501.55,

5600PE was at 150.15
5500CE was at 92.35

So, Loss from 5500CE is (121-92.35)X500 = 14325/-
Gain from 5600PE is (150.15-119)X400 = 12460/-

Net Loss is 1865/-

Instead if you would have gone Long NF @ 5550, 4 lots (Equivalent to nearly slight more than 110,000/- capital required as margin money for 4 lots Nifty),

The loss from Nifty @ 5501.55 would have been: (5550-5501.55)X200 = 9690/-

1865/- loss from NF 4 lots long only requires less than 10 points move below - at around 5540.

This is the strategy - that is if Nifty goes wrong – Minimize your loss.

Now let's see what happens if NF crosses 5550 and moves towards 5580 or so - if that happens - compared to the naked NF position.


GG

 

[GuluGulu]

When NF @ 5571,

Sold 5500CE 10 lots @ 135
Sold 5500PE 10 lots @ 65

Net Profit 4800/- with investment of 110,000/-
If NF bought @ 5550, 4 lots, squared at 5571,
Net profit would have been 4200/-

P/L Analysis
===========

Bought 10L 5500CE @ 121 -> Sold later @ 135 -> Profit: 7000/-
Bought 8L 5600PE @ 119 -> Sold later @ 141 -> Profit: 8800/-
Bought 10L 5500PE @ 87 - Sold later @ 65 -> Loss: 11000/-

Net Profit: 4800/-

Return: More than 4% intraday. My target is 0.5 to 1% intraday net. So extra 3% gain is keeping away for next trade loss to be adjusted. For example - below trade is currently showing a little loss due to time decay.

 

[GuluGulu]

NF @ around 5552. Fresh buy each 10 lots

5600CE @ 72/-
5500PE @ 73/-

 

[GuluGulu]

Seems this trade will end in loss due to NF moving around 5550 - no great move in any direction. Anyway - I shall hold it till tomorrow to catch a large move - if any. Otherwise - book little loss and go to next trade.