A lot of posts are being made to divert the topic which means I am on the right track.
Absolutely right.
I am also least bothered who is making money, or if new traders get trapped in this thread, it is their lookout.
The question is very, very specific -------- Sell 1 ATM CE at the start of the series, allow 7 days to pass and then buy it back ---- if the underlying is the same, can the price reduce by 100 points as he claims?
Typically at the start of a series the ATM CE's are priced between 135 to 160
Lets put in some numbers to verify--- the August ATM 8400 CE was about Rs.154/- today.
The IV this month is 14, in July it was 12, so this month the CE is priced higher but has 4 days less which negates the IV difference.
The CE has to be bought back at Rs.50 to get 100 points profit
The July ATM 8400 CE was selling today for Rs.40 with only 2 days to expiry.
But he was able to buy back a ATM CE on July 7th for Rs. 50 with 19 days to expiry :rofl: :rofl: :rofl:
I don't want to see this thread closed again because it is the most IMAGINATIVE and funniest thread in Traderji always good for a laugh. In minutes, 40 thousand can become 40 lakhs, 1 point can become 100, the next step is Re.1 to 1 crore. :rofl:
Dan posted and deleted, it would have been interesting to know his view as he uses software to calculate the Greeks.
In March, I posted this picture on this thread because it is most suitable and it has proved right.
http://www.traderji.com/equities/97656-how-invest-40-lakhs-equity-fno-profit-11.html#post1058772
Regarding, whether ST is making real money or not, I am not at all bothered. If I learn something from this thread, then that is good for me, otherwise I will simply move away to some other thread. But if you intend to warn any new users who might want to blindly follow such trading, then you have all the right to do so.
With my best regards
With my best regards
I am also least bothered who is making money, or if new traders get trapped in this thread, it is their lookout.
The question is very, very specific -------- Sell 1 ATM CE at the start of the series, allow 7 days to pass and then buy it back ---- if the underlying is the same, can the price reduce by 100 points as he claims?
Typically at the start of a series the ATM CE's are priced between 135 to 160
Lets put in some numbers to verify--- the August ATM 8400 CE was about Rs.154/- today.
The IV this month is 14, in July it was 12, so this month the CE is priced higher but has 4 days less which negates the IV difference.
The CE has to be bought back at Rs.50 to get 100 points profit
The July ATM 8400 CE was selling today for Rs.40 with only 2 days to expiry.
But he was able to buy back a ATM CE on July 7th for Rs. 50 with 19 days to expiry :rofl: :rofl: :rofl:
I don't want to see this thread closed again because it is the most IMAGINATIVE and funniest thread in Traderji always good for a laugh. In minutes, 40 thousand can become 40 lakhs, 1 point can become 100, the next step is Re.1 to 1 crore. :rofl:
Dan posted and deleted, it would have been interesting to know his view as he uses software to calculate the Greeks.
In March, I posted this picture on this thread because it is most suitable and it has proved right.
http://www.traderji.com/equities/97656-how-invest-40-lakhs-equity-fno-profit-11.html#post1058772