Option Buy Recomendations

lalpar · #**511** 1st August 2008, 02:04 PM

Dear ghosh sir,

I have taken 4400 Put at 165..Kindly let me know your view ,,

Regards
Lalith

ghosh_ak34 · #**512** 1st August 2008, 03:07 PM

Quote:

Originally Posted by lalpar

Dear ghosh sir,

I have taken 4400 Put at 165..Kindly let me know your view ,,

Regards
Lalith

Dear Lalith,

Keep a SL=116 and hold or buy a call at S1 (4100) as per strategy stated earlier.

Regards

tradengrow · #**513** 1st August 2008, 03:40 PM

Dear Ghosh Sir,

Today I bought MiniNifty at 4422 and Nifty 4100 put @70. Please provide your views/comments in this.

--Anil

lalpar · #**514** 1st August 2008, 04:15 PM

Quote:

Originally Posted by ghosh_ak34

Dear Lalith,

Keep a SL=116 and hold or buy a call at S1 (4100) as per strategy stated earlier.

Regards

Thank You Sir..I will be keeping a SL of 116 as u suggest...

Regards
Lalith

optionstrader · #**515** 1st August 2008, 06:24 PM

Hi Ghosh Sir & Friends,

I have calculated the next weeks R1 & S1 Levels :

Weeks High = 4422
Weeks Low = 4159
Weeks Close = 4413

P = (Weeks High + Weeks Low + Weeks Close)/3
(4422+4159+4413=12994)/3
P = 4331

S1 = 2P - H
= 2*4331 - 4422
= 4240

R1 = 2P - L
= 2*4331 - 4159
= 4503

R1-S1 = 4503-4240
= 263

If (R1 - S1) >= 300 then,
Buy call at S1 and put at R1.
else Do not trade at all.

So, R1-S1 that is 263 is less than 300.

Ghosh sir, kindly correct me if i am wrong.

Kindly also guide, that since R1-S1 is less than 300, can
we buy Buy call at R1 and put at S1, or only put at S1?

Or Shall we avoid trading next week.

Awaiting your response,

Thanks & Regards,
Optionstrader

ghosh_ak34 · #**516** 1st August 2008, 07:50 PM

Quote:

Originally Posted by optionstrader

Hi Ghosh Sir & Friends,

I have calculated the next weeks R1 & S1 Levels :

Weeks High = 4422
Weeks Low = 4159
Weeks Close = 4413

P = (Weeks High + Weeks Low + Weeks Close)/3
(4422+4159+4413=12994)/3
P = 4331

S1 = 2P - H
= 2*4331 - 4422
= 4240

R1 = 2P - L
= 2*4331 - 4159
= 4503

R1-S1 = 4503-4240
= 263

If (R1 - S1) >= 300 then,
Buy call at S1 and put at R1.
else Do not trade at all.

So, R1-S1 that is 263 is less than 300.

Ghosh sir, kindly correct me if i am wrong.

Kindly also guide, that since R1-S1 is less than 300, can
we buy Buy call at R1 and put at S1, or only put at S1?

Or Shall we avoid trading next week.

Awaiting your response,

Thanks & Regards,
Optionstrader

Dear Optionstrader,

If R1~S1 <300. Means Nifty will be sideways so either avoid trading or trade according to the following strategy :

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

ghosh_ak34 · #**517** 1st August 2008, 08:01 PM

Quote:

Originally Posted by tradengrow

Dear Ghosh Sir,

Today I bought MiniNifty at 4422 and Nifty 4100 put @70. Please provide your views/comments in this.

--Anil

Dear Anil,

Your strategy will result in profit when Nifty moves down. So, hold Nifty 4100 put with SL= 50 max. and square off MiniNifty whenever you get an oppourtunity. This strategy is good in bearish market not in sideways market.

Buy calls and puts are per strategy stated below:

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

anupamluv · #**518** 2nd August 2008, 12:38 AM

Quote:

Originally Posted by ghosh_ak34

Dear Anupamluv,

You could book profit in the Nifty 3700 puts. Its always recomended to have a SL=20-30% from your buy price and for call SL has already met. Its upto you to wait for an uptrend to exit. But its not a bad strategy.

Lets not think in our favour. This is the biggest mistake most of us do and loose our hard earned money.

Regards

Thanks for the suggestion ghoshji, I have now decided to wait .... what I'm waitin for is the major boom or a major doom..... otherwise if nifty remain between 4200-4500 range before 20th August I'll be a looser frm both sides... but thats unlikely (I thnk)... I wont exit unless I get above Rs 60 prem for any of my 3700put or 4800call ..... in the money is an impossible (or rather ridiculous) scene

ravalsb · #**519** 2nd August 2008, 12:47 PM

Dear Ghosh,

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

Regards

praveen taneja · #**520** 2nd August 2008, 01:08 PM

Quote:

Originally Posted by ghosh_ak34

Dear Anil,

Your strategy will result in profit when Nifty moves down. So, hold Nifty 4100 put with SL= 50 max. and square off MiniNifty whenever you get an oppourtunity. This strategy is good in bearish market not in sideways market.

Buy calls and puts are per strategy stated below:

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 can u make it lil bit more clear that in the event of gap up n remain above 20 points till 10.30-10.45 buy calls wat u mean by it.is it that at watever rate mkt open like if on monday if nifty open at 4475 so v should wait for 4495 n wait till 10.30-10.45 n then v should buy a call on frst sppt n at 3.00pm we buy a put at R1 for hedging wat if then rate is somewhere between S1 n R1 or at S1 pls make it clear i m confuse on it thnx n forgive me for my ignorance god bless u alll

The Following User Says Thank You to optionstrader For This Useful Post:
deoria (3rd August 2008)

The Following User Says Thank You to ghosh_ak34 For This Useful Post:
optionstrader (1st August 2008)

The Following 2 Users Say Thank You to ghosh_ak34 For This Useful Post:
deoria (3rd August 2008), tradengrow (4th August 2008)