Trading for Living -- Successfully Completed one year as Full Time Trader

[VJAY]

@VJAY Please guide us how to trade on the basis of max pain data. Thanks a lot.

Dear rdp36,
am not option trader /expert .only some rare time will playing it...option pain is only an figure in which strike price most of option buyers loss ...so its only an assumption that expiry will be near+- option pain range.but its not any concrete rule though....in real time today its changed to 26100 so we cant take it the only reason for enter positions

 

[MaheshBiyani]

Made below adjustment.

Sell BN 26300 CE 200 Qty @ 35. This is a hedge for above butterfly.

Credit = 7K

Net debit = 11 -7 = 4K

Closed this position along with original butterfly.

Net loss = 4K

This could be hedged to recover full cost by scaled up qty?

Sent from my ONE A2003 using Tapatalk

 

[MaheshBiyani]

Below is the expiry day trade taken.

Buy BN 26200 PE 600 Qty @ 38
Sell BN 26100 PE 1200 Qty @ 14
Buy BN 26000 PE 600 Qty @ 5

Net debit = 38+5-28 = 15*600 = 9K

Closed this position.

BN 26200 PE 600 Qty @ 81
BN 26100 PE 1200 Qty @ 31
BN 26000 PE 600 Qty @ 10

Credit = 81+10-62 = 29*600 = 17.4K

Net Profit = 8.4K

Brilliant as usual... Please add BN spot when you make position... Will help readers for historic read... Thanks

Sent from my ONE A2003 using Tapatalk

 

[amrutham]

This could be hedged to recover full cost by scaled up qty?

Sent from my ONE A2003 using Tapatalk

That should have been done to cover the full cost. Since I was expecting BN to cross 26300 atleast once, took hedged position with small quantity.

 

[amrutham]

Brilliant as usual... Please add BN spot when you make position... Will help readers for historic read... Thanks

Sent from my ONE A2003 using Tapatalk

Sure. Will include BN spot level.

 

[MaheshBiyani]

Thanks pls.

Brilliant as usual... Please add BN spot when you make position... Will help readers for historic read... Thanks

Sent from my ONE A2003 using Tapatalk

Sure. Will include BN spot level.

Sent from my ONE A2003 using Tapatalk

 

[amrutham]

Entered in to below BN position for 24th May expiry.

BN spot @ 25950

Buy BN 25800 PE 400 Qty @ 128
Sell BN 25700 PE 800 Qty @ 96
Buy BN 25600 PE 400 Qty @ 72

Net debit = 128+ 72 - 192 = 8*400 = 3.2K

Max loss = 3.2K

 

[bajica]

Entered into below NF position for May expiry

Sell 10900 CE 150 Qty @ 118
Sell 10900 PE 150 Qty @ 82

Net Credit = 30 K

Any update on this leg of trade?
Is it still open, as I see the pair is now quoting @285 combine? any stoploss?
Are you waiting for this trade till expiry?

 

[amrutham]

Any update on this leg of trade?
Is it still open, as I see the pair is now quoting @285 combine? any stoploss?
Are you waiting for this trade till expiry?

This position is still open . It will be adjusted if NF breaks 10600.
Since it is a small position, not adjusting proactively.

 

[amrutham]

Opened a trading account with Finvasia.

The whole process took less than 30 minutes and completely online. Really amazing experience.

Opted for NEST platform for NSE. Platform charges are Rs 49 /month + taxes. No brokerage charges.

I think transaction charges are also reasonable at Rs 5000/1 Crore.

Last year we paid brokerage of Rs 1,60,000+ taxes in our zerodha accounts. Hoping to save some of it this FY.