Great Options Strategy for Zerodha and similar only

[munde_77]

Doji days are days when the open are close are nearby. The price band of NIfty has been in a narrow range for more than a couple of days now.

result should be that Nifty move with good enough force either up or down. Just like when a spring has been coiled up and suppressed for a long time and released..........

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:thumb::clapping::thumb::clapping::thumb:

 

[munde_77]

Where r u Mr Gulu ?

 

[Taurus1]

Where is Gulu?
Right time to buy the 5300 put/5600 call at 18/9.50.
Exit in 2 days.

 

[Taurus1]

Bot at 15.75/9.45
Exit in 2 days or 100 points, whichever comes first.

 

[MOka]

What about the corresponding loss on the loosing option ???

You are going to loose as much as u make with only a 50 pt move.

Its going to take a lot more to skew the delta and that too fast.

Yes I think that is correct Delta?

S&P 500 Index in USA

SPx @ 1333.27 may21
May 1335 CALL = $960
May 1330 PUT = $45
Total at risk until expiry = $1005

Break even is
UP = 1345.05 and Low = 1261.93
A difference of 83.12 point on a Index trading @ 1333 level
= Approx 6.25% SWING in one direction

What are the chances of getting such a SWING in a Day?

 

[munde_77]

Gulu seems to be kidnapped

 

[SavantGarde]

Hmmm....Think... he is working still on his failsafe strategy...armed with screwdriver & soldering iron.....

SG

Gulu seems to be kidnapped

 

[thavvarao]

GuluGulu,

Is this strategy still on paper? have you done real trade with this? Please let me know if it works, as i'm new to options cant better analysis on my own.

Thanks!

 

[jain.er]

I have my doubts it works ....coz time decay of2 options plus IV can kill any profit u vil make...anyways i am takinf paper trades this strategy vil profit only with a move of at least 50 points ....which is difficult to catch

 

[adityaparakh]

Gulu Babu ,
No active participation in this thread ?

Anyhow - Zerodha definitely seems something worth considering.
For 4 lots Nifty Options - Approx Rs. 150 x 50 x 4 = Rs.30,000
Even Rs.2 movement - 2 x 50 x 4 = Rs.400 minus Rs.100 (Brokerage + Taxes) = Rs.300 Net Profit.
That is 1% - which is superb - if done even 5 - 6 times a month. It is very satisfatory.

Now , How to get the Rs.2 movement - I guess during stable hours - take a shot = buy anything PUT or CALL , and a swing of 2 points is not something huge to ask for.
Problem is ,if the market runs in the opposite direction - no scope to recover.
Experienced members , please suggest the time of the day when we can expect stable movement like lets say 10 to 11 o clock in the morning.