JACKPOT!!!!! or NOTHING..... Amazing Technique on Last 5 min of an expiry
Hi Folks,
Firstly thanks to Traderji for giving me enormous knowledge on Stock Markets, Analysis etc. Out of which I am sure I may not be using even a 1% in practice but put my conscious efforts to improve my trading practices.
I have been observing the trading on options during the expiry day to be power packed. 1 out of 100 strikes gain and rest of them just evaporate their premiums and leaves us with empty handed.
But based on my observation and the practical implementation I have made i am sharing this to the fellow boarders.
Technique:
(This is not a sheer technical analysis though but just a smart trade)
This strictly needs to be followed on the very last 5-15 min of the expiry day session.
Scan for the scripts which are expiring at the round figure of the contract. For eg. I am sharing my own experience in previous expiry where i gained huge some in Nifty options. What I did was buying 8000 CE at 10 paise for Rs.1000 which gave me 200 lots of 7900 CE.
My perception was since nifty has gone down very badly but there are high chances that 7900 would not be broken. I could have got 7900 PE too at a meager amount but some how it didn't strike me that time so I stayed away from it. My risk is 1000 rupees. The order price triggered and later it went all the way to 10.7. But I have booked my profit some where around 8Rs. Which gave me almost 80 times of what i had invested. My RR ratio proved to be 1:80 this time. But in reality could be 1:x(1) x could be anything based on where it closes for the day or you book your profit. But in case of any losses like expiring lesser than that better avoid square off to get rid of brokerage charges.
It might look like a sheer luck factor, but there are only 10% chances that they expire exactly at the round off strikes like (Nifty - Closing exactly at 7900) or BNF closing exactly at 15400 or so.
WORD OF CAUTION:
Do not risk hefty amounts on these trades expecting exponential gains. Just restrict them to 2000 or 1000 or even less based on your appetite. Since you would get them at pennies. Even small amounts give you huge lots like the way i mentioned in my experience. I never imagined I could get 200 lots of nifty ce at Rs.1000.
Quotation: There is a quotation in my mother tongue which says,
I will try to grab the mountain with the help of my hair strand. Either mountain should be mine or my hair strand would be lost. :lol:
Experts or Novices or Mediocres can comment if you like, dislike, support or object.
Cheers!
Kishore
Hi Folks,
Firstly thanks to Traderji for giving me enormous knowledge on Stock Markets, Analysis etc. Out of which I am sure I may not be using even a 1% in practice but put my conscious efforts to improve my trading practices.
I have been observing the trading on options during the expiry day to be power packed. 1 out of 100 strikes gain and rest of them just evaporate their premiums and leaves us with empty handed.
But based on my observation and the practical implementation I have made i am sharing this to the fellow boarders.
Technique:
(This is not a sheer technical analysis though but just a smart trade)
This strictly needs to be followed on the very last 5-15 min of the expiry day session.
Scan for the scripts which are expiring at the round figure of the contract. For eg. I am sharing my own experience in previous expiry where i gained huge some in Nifty options. What I did was buying 8000 CE at 10 paise for Rs.1000 which gave me 200 lots of 7900 CE.
My perception was since nifty has gone down very badly but there are high chances that 7900 would not be broken. I could have got 7900 PE too at a meager amount but some how it didn't strike me that time so I stayed away from it. My risk is 1000 rupees. The order price triggered and later it went all the way to 10.7. But I have booked my profit some where around 8Rs. Which gave me almost 80 times of what i had invested. My RR ratio proved to be 1:80 this time. But in reality could be 1:x(1) x could be anything based on where it closes for the day or you book your profit. But in case of any losses like expiring lesser than that better avoid square off to get rid of brokerage charges.
It might look like a sheer luck factor, but there are only 10% chances that they expire exactly at the round off strikes like (Nifty - Closing exactly at 7900) or BNF closing exactly at 15400 or so.
WORD OF CAUTION:
Do not risk hefty amounts on these trades expecting exponential gains. Just restrict them to 2000 or 1000 or even less based on your appetite. Since you would get them at pennies. Even small amounts give you huge lots like the way i mentioned in my experience. I never imagined I could get 200 lots of nifty ce at Rs.1000.
Quotation: There is a quotation in my mother tongue which says,
I will try to grab the mountain with the help of my hair strand. Either mountain should be mine or my hair strand would be lost. :lol:
Experts or Novices or Mediocres can comment if you like, dislike, support or object.
Cheers!
Kishore
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