Path to Consistency

[Subhadip]

A new trade..

NIFTY MAY 8900 CE- SOLD 1050 @ 306
NIFTY MAY 9400 PE - SOLD @1050 @ 251.

Hopefully will gain 76 points at Expiry..lets see..

 

[Subhadip]

A new trade..

NIFTY MAY 8900 CE- SOLD 1050 @ 306
NIFTY MAY 9400 PE - SOLD @1050 @ 251.

Hopefully will gain 76 points at Expiry..lets see..

 

[Smart_trade]

A new trade..

NIFTY MAY 8900 CE- SOLD 1050 @ 306
NIFTY MAY 9400 PE - SOLD @1050 @ 251.

Hopefully will gain 76 points at Expiry..lets see..

The total premium collected is 557 and the strikes are 500 points apart so you will always make less than 57 points less brokerage,charges and residual premiums over the nifty rates if you square off before expiry and max 57- costs if done on last day....how will you make 76 points ? Am I missing something ?

Smart_trade

 

[Subhadip]

The total premium collected is 557 and the strikes are 500 points away so you will always make less than 57 points less brokerage,charges and residual premiums over the nifty rates if you square off before expiry and max 57- costs if done on last day....how will you make 76 points ? Am I missing something ?

Smart_trade

Expiry..I will let it expire...will not cover..

on expiry all deep ITM option goes 10 point discount at the time of expiry..counting that too

 

[Happy_Singh]

The total premium collected is 557 and the strikes are 500 points apart so you will always make less than 57 points less brokerage,charges and residual premiums over the nifty rates if you square off before expiry and max 57- costs if done on last day....how will you make 76 points ? Am I missing something ?

Smart_trade

In the Money options will be bought back at a discount on expiry day


Happy

 

[Subhadip]

Expiry..I will let it expire...will not cover..

on expiry all deep ITM option goes 10 point discount at the time of expiry..counting that too

if i let it expire..then only 56 points,
but if cover at around 3.15 pm on expiry..i will gain the discount..

 

[Subhadip]

More on the issue:

http://zerodha.com/z-connect/queries/stock-and-fo-queries/stt-options-nse-bse-mcx-sx

 

[stock_mani]

A new trade..

NIFTY MAY 8900 CE- SOLD 1050 @ 306
NIFTY MAY 9400 PE - SOLD @1050 @ 251.

Hopefully will gain 76 points at Expiry..lets see..

Hi Subhadip, can you pls share total blocked margin to create this position.

 

[Subhadip]

A new trade..

NIFTY MAY 8900 CE- SOLD 1050 @ 306
NIFTY MAY 9400 PE - SOLD @1050 @ 251.

Hopefully will gain 76 points at Expiry..lets see..

Hi Subhadip, can you pls share total blocked margin to create this position.

6 lakh around

 

[stock_mani]

That means you will have to keep SL @ 500 points up/ down.....