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Option Buy Recomendations

Discuss Option Buy Recomendations at the Options within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by skarpio While we wait for a response, I'll tag a question onto ...


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  #371  
Old 22nd June 2008, 07:27 PM
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Default Re: Option Buy Recomendations

Quote:
Originally Posted by skarpio View Post
While we wait for a response, I'll tag a question onto yours. The xx50 options are illiquid or so I have seen from my limited experience. That leaves us really with no choice but to go for CE 4200 and PE 4500. Am I wrong?
Dear Skarpio,

Do not buy options for the current months as its nearing expiry. Buy options for the next month as per my previous post.

Regards
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  #372  
Old 22nd June 2008, 11:11 PM
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Default Re: Option Buy Recomendations

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Originally Posted by ghosh_ak34 View Post
Dear Skarpio,

Do not buy options for the current months as its nearing expiry. Buy options for the next month as per my previous post.

Regards
Of course. Actually you have mentioned this (and a few others) which you should really put at the beginning of this thread as the guiding principles to be followed when trading in options.
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  #373  
Old 26th June 2008, 03:53 PM
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Default Re: Option Buy Recomendations

Dear Ghosh sir,
How can I get weekly nifty high, lows open and close. Is there any website where I can get all these data. Please suggest.
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  #374  
Old 26th June 2008, 08:16 PM
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Default Re: Option Buy Recomendations

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Originally Posted by nitu20 View Post
Dear Ghosh sir,
How can I get weekly nifty high, lows open and close. Is there any website where I can get all these data. Please suggest.
Dear Nitu20,

You can go to icharts.in/charts.html, choose candle option and can find the weeks high, low and close by looking at the graph. By placing mouse pointer on the highest candle for the past week you can see the Weeks High, and same way by looking at the lowest candle for the past week you can find the weeks low and by looking at the last candle(Friday) of the week you can find the weeks close. Monday's open as Weeks open.

You can also go to nseindia -> F&O->historical data for Nifty and can download the past weeks data, apply max and min to find high and low for the week and take the last one to get the weeks close (Friday's close = Weeks close) and likewise Monday's open as weeks open.

Hope this helps.
Regards
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  #375  
Old 27th June 2008, 04:27 AM
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Default Re: Option Buy Recomendations

Quote:
Originally Posted by nitu20 View Post
Dear Ghosh sir,
How can I get weekly nifty high, lows open and close. Is there any website where I can get all these data. Please suggest.
In addition to 2 options given by Ghosh sir, you can also try this one
1) Goto ***** finance section,
2) open nifty chart
3) on left panel - you have the option of Quote/ summary/ components/options/ historic price. Select Historic price
4) on the next form, supply the start and end date.. and also select the Weekly radio Button. From here you can download daily/weekly/monthly data in excel compatible format directly.

Hope that helps.
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  #376  
Old 27th June 2008, 09:13 AM
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Default Re: Option Buy Recomendations

Hi Ghosh da
I have nifty 4500 july call @ 82 , what should i do as market condition is not looking favourable.Please reply
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  #377  
Old 27th June 2008, 11:15 AM
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Default Re: Option Buy Recomendations

Hi,
Buying naked CALLs at the current situation is highly risky. And one other thing, please stay away from options at least for 4-5 beginning trading days of a new series. Depreciation is 2x of appreciation in this period.
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  #378  
Old 27th June 2008, 02:10 PM
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Default Re: Option Buy Recomendations

Quote:
Originally Posted by akpinku View Post
Hi Ghosh da
I have nifty 4500 july call @ 82 , what should i do as market condition is not looking favourable.Please reply
Hi akpinku,

Exit call or hedge your call by buying 4200 / 4300 puts. Ratio 1 call to 2 puts atleast. Do not buy naked calls/puts. Hedge it. Market is currently very volatile.

Regards
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  #379  
Old 27th June 2008, 06:07 PM
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Default Re: Option Buy Recomendations

Dear Ghosh Sir,
Thanks for the information. Can you please tell us the strategy for this week as R1-S1 < 300 for this week and its the 1st week for July series. We should trade or not.
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  #380  
Old 27th June 2008, 06:37 PM
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Default Re: Option Buy Recomendations

Dear ghosh sir,
Can u tell how to how to find nifty levels for hedging ... like today nifty spot closed at 4136 ... is it sensible to buy nifty-4300-ce for Rs 90 (means 4390 level we are expecting on the high)
and to hedge my position I'm confused whether I should buy
1. nifty-4100-pe @ 196 (4100 - 196 = 3904 )
2. nifty-4200-pe @ 248 (4200 - 248 = 3952 )
OR straight away nifty-4600-pe @ 547 ( 4600 - 547 = 4053) ...

I'm new to hedging and trying to understand how to find best levels.........
Or if I am wrong can u tell me other way to find the levels ....... btw I dont understand delta, vega etc in options...
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