Need Help

S

subrata_ind

Member
#1
#1
HTML: 
Contract Position   Qty    TriggePrice      LTP   Margin On

3100-PE   Sell    50       3,254.40        68.00     16,686.50
To day I sold Nifty(First Time I did option trading) 3100 put @50 and didnot put any stop loss,but what this trigger price is 3,254.50.Any help will be appreciated.
Due to my inquisitiveness I add 50 to Add margin and the trigger price become "3,291.95 ".Please give some idea about the trigger price.I believe this sell call will be winning strategy, if ICICI didn't square off the position before 29th Oct.
To my speculation market will close higher than 3050 on nifty before this expiry.By the way I want to square off the position @30.

Subrata
 
C

coolboy007

Well-Known Member
#2
#2
subrata_ind said:
HTML: 
Contract Position   Qty    TriggePrice      LTP   Margin On

3100-PE   Sell    50       3,254.40        68.00     16,686.50
To day I sold Nifty(First Time I did option trading) 3100 put @50 and didnot put any stop loss,but what this trigger price is 3,254.50.Any help will be appreciated.
Due to my inquisitiveness I add 50 to Add margin and the trigger price become "3,291.95 ".Please give some idea about the trigger price.I believe this sell call will be winning strategy, if ICICI didn't square off the position before 29th Oct.
To my speculation market will close higher than 3050 on nifty before this expiry.By the way I want to square off the position @30.

Subrata
Click to expand...
I think you are long on markets , i get confused sometimes in CE PE:D

Friend , trigger price by my knowledge is the price where your broker will SQ OFF ur positions , so be careful , i think you can deposit extra margin so that ur broker doesnt sq off ur positions.
ICICI i think will sq off ur positions at 3291 on nifty.
I have never sold a ce pe , so ANY SENIOR MEMBER plz confirm.
 
bandlab2

bandlab2

Well-Known Member
#3
#3
whatever coolboy said is correct. trigger price is at which icici will auto-square off the call/put. but when you add margin, trigger price shold go down. but yo are saying up. thats wrong. the lower the trigger price, the better for you. in this case. i TP is at 3145, you can relax upto nifty 3145. but i would suggest a stop loss, that too for writing.
 
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