Option Buy Recomendations

ghosh_ak34 · #**471** 26th July 2008, 06:39 PM

Quote:

Originally Posted by sumeetsj

This is my first post here. Please correct me if i am worng.

Buy
ICICI 700 CA and 640 PA as ICICI results expected.

Dear Sumeets,

ICICI looks bearish so, will recommend buy 650 strike price puts with SL=20-30%. Buy options for August only.

Regards

praveen taneja · #**472** 26th July 2008, 07:10 PM

Quote:

Originally Posted by ghosh_ak34

Dear Jace48,

I hope you have enjoyed the party. Strategy for next week - buy Nifty calls at 4000/4100 and Nifty puts at 4500/4600 atleast. It seems market will remain sideways.
If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy puts at R1 around 3:00 PM-3:15 PM and hold call with a trailing SL of say 10%.

If Nifty opens with gap down and remain below 20pts till 10:30AM - 10:45 AM buy puts at R1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy calls at R1 around 3:00 PM-3:15 PM and and hold put with a trailing SL of say 10%.

Vary calls and puts nos. according to the trend.

Regards

sir i m too confused do u mean if nifty reach 4000/4100 then v should buy 4500\4600 call n when above then vice versa pls make it clear sorry to ask this but confused so asked thnx n god bless u

ravalsb · #**473** 26th July 2008, 07:23 PM

Dear Ghosh,

What are your views on RCOM. Have seen good amount of OI build up in call options for august series.

Regards

ghosh_ak34 · #**474** 26th July 2008, 11:05 PM

Quote:

Originally Posted by praveen taneja

sir i m too confused do u mean if nifty reach 4000/4100 then v should buy 4500\4600 call n when above then vice versa pls make it clear sorry to ask this but confused so asked thnx n god bless u

Dear Praveen,

No there is no need to wait for Nifty 4000/4100 to buy 4500/4600 calls. These are strike prices. When market opens on Monday buy next month's Nifty calls and puts at the strike price as per earlier stated strategy.

To understand options please refer options study materials. 888options.c0m would be nice to start with. There are lots of reading materials on option in traderji as well.

Regards

ghosh_ak34 · #**475** 26th July 2008, 11:24 PM

Quote:

Originally Posted by ravalsb

Dear Ghosh,

What are your views on RCOM. Have seen good amount of OI build up in call options for august series.

Regards

Dear Ravalsb,

My TA says keep away from RCOM. Its giving no signals currently. Do not take any fresh postions in RCOM.

Regards

praveen taneja · #**476** 27th July 2008, 11:16 AM

Quote:

Originally Posted by ghosh_ak34

Dear Praveen,

No there is no need to wait for Nifty 4000/4100 to buy 4500/4600 calls. These are strike prices. When market opens on Monday buy next month's Nifty calls and puts at the strike price as per earlier stated strategy.

To understand options please refer options study materials. 888options.c0m would be nice to start with. There are lots of reading materials on option in traderji as well.

Regards

k sir thnx for the reply but i always do strangle and always trapped bcoz dont know wat is the exact price at which i must exit like at 4400 i bought 4200 put at 91 n 4600 call at 141 of aug on thursday last now dont know wat to do or how much should i wait. 4200 put is now at 135 around n 4600 call is at 79 around can u tell me wat is the best way to exit from strangle options.one more thing can i add u at YM so i can ask u any querries if i hav with ur permission.my id is prvntnj@*****.co.in add me if u allow me thnx again for helping n replying me god bless u

munde_77 · #**477** 27th July 2008, 11:38 AM

Quote:

Originally Posted by ghosh_ak34

Dear Akpinku,

In some brokerage house, brokerage depends on turnover per month, if your monthly turn over is more, say few crores, you may get better deal. Then even Indiabulls could provide you 0.2% brokerage if you negotiate.

Regards

R.K.Global charges only Rs.9.00 Per lot(Rupees Nine Per Lot)

ghosh_ak34 · #**478** 27th July 2008, 08:21 PM

Quote:

Originally Posted by praveen taneja

k sir thnx for the reply but i always do strangle and always trapped bcoz dont know wat is the exact price at which i must exit like at 4400 i bought 4200 put at 91 n 4600 call at 141 of aug on thursday last now dont know wat to do or how much should i wait. 4200 put is now at 135 around n 4600 call is at 79 around can u tell me wat is the best way to exit from strangle options.one more thing can i add u at YM so i can ask u any querries if i hav with ur permission.my id is prvntnj@*****.co.in add me if u allow me thnx again for helping n replying me god bless u

Hi Praveen,

Thats the mistake many do in market. Avoid strangle. Buy calls at S1 and puts at R1 as per strategy stated earlier. Always maintain a strict SL = 20%-30%. Exit the loss making 4600 call and hold proft making call with a trailing SL=10% max.

I will add you in YM.

Regards

nagendra_gb · #**479** 27th July 2008, 09:49 PM

Hi Mr Ghosh,
How about taking puts in relcap and ONGC now.ONGC if goes below 974 there is no support till 927. Wht is the better way pls let me knpow

ghosh_ak34 · #**480** 27th July 2008, 11:46 PM

Quote:

Originally Posted by nagendra_gb

Hi Mr Ghosh,
How about taking puts in relcap and ONGC now.ONGC if goes below 974 there is no support till 927. Wht is the better way pls let me knpow

Dear Nagendra_gb,

You can buy RelCap OTM puts at 1250/1200 with SL=20-30% from your buy price. And you can also buy ONGC OTM puts at 950/900 with SL=20-30% from your buy price.

But do not buy before 10:30 AM - 10:45 AM. Watch the trend/liquidity first before you take any position. Yes, take position only in Aug series.

Hope this helps.

Regards

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