Expiry week : Which options are you looking at ?

timepass

timepass

Moderator
#1
#1
A lot of traders look forward to the expiry lottery in the last week of the series. I used to, then gave it up as a hopeless task for me. Then again I thought that maybe selling the option in the expiry week is the answer. This worked well for 2 expiries, and then the huge setback. So I gave it up.

But the fascination remains.

This week I am looking at Reliance 980PE/1020CE and Infy 1000PE. Just looking, haven't traded as yet. Maybe tomorrow or on the expiry day I will look at NF and BNF options too.

Which options are you tracking/ trading with a view to the expiry ?
 
TraderRavi

TraderRavi

low risk profile
#2
#2
expiry gambling , few months ago , bought a banknifty put option @ 9-10 rs , 1000 Q, waited for 6 hours as it was moving between 5 - 12 , then it started to move above 20 but as it was not moving above 50 and just 30 mins to close, sold @ 50 ,then bang 3-4 minutes later it hit 179 , RIP luck #@$%$#$#%$#$# :annoyed::mad::(
 
amitrandive

amitrandive

Well-Known Member
#4
#4
Have generally observed that options become volatile on expiry around 3 pm,and a huge volatile move comes around in 10-15 mins around that time.
A few months back had taken Nifty puts for around 3 rs , in a matter of seconds they blasted off to 22 rs,exited around 19 rs.

By the way the above trade lasted for only 3 minutes and the price crashed again to end at 0.05 in the next 10 minutes.

Extremely dangerous ,please take such trades only if you have the risk appetite for it.
:thumb:
 
K

kaalchakrasamay

Banned
#5
#5
timepass said:
A lot of traders look forward to the expiry lottery in the last week of the series. I used to, then gave it up as a hopeless task for me. Then again I thought that maybe selling the option in the expiry week is the answer. This worked well for 2 expiries, and then the huge setback. So I gave it up.

But the fascination remains.

This week I am looking at Reliance 980PE/1020CE and Infy 1000PE. Just looking, haven't traded as yet. Maybe tomorrow or on the expiry day I will look at NF and BNF options too.

Which options are you tracking/ trading with a view to the expiry ?
Click to expand...
TP bro

What you want to do, with these examples or with NF/BNF options
1. writing options (to eat premium)
2. buying options for a quick upmove or downmove pofit
3. buying or writing in pair (both CE and PE)
4. Or any other idea

I have not yet decided anything for expiry day :D
May be tomorrow during market hours or on DDay :)
 
Somatung

Somatung

Banned
#6
#6
timepass said:
A lot of traders look forward to the expiry lottery in the last week of the series. I used to, then gave it up as a hopeless task for me. Then again I thought that maybe selling the option in the expiry week is the answer. This worked well for 2 expiries, and then the huge setback. So I gave it up.

But the fascination remains.

This week I am looking at Reliance 980PE/1020CE and Infy 1000PE. Just looking, haven't traded as yet. Maybe tomorrow or on the expiry day I will look at NF and BNF options too.

Which options are you tracking/ trading with a view to the expiry ?
Click to expand...
Hi TP

Just a little, tiny input you may pick up once in the future if you want and have the time:

The question is only half asked, as not the expiry date is what should be thought of first instead " What strategy should or can I afford to trade on expiry week" ;)

Take care and all the best with this thread / Dan :)
 
timepass

timepass

Moderator
#7
#7
kaalchakrasamay said:
TP bro

What you want to do, with these examples or with NF/BNF options
1. writing options (to eat premium)
2. buying options for a quick upmove or downmove pofit
3. buying or writing in pair (both CE and PE)
4. Or any other idea

I have not yet decided anything for expiry day :D
May be tomorrow during market hours or on DDay :)
Click to expand...
not doing anything as yet, but I think that buying Infy 1000 PE + CE, when the premiums are down - say for Rs. 10 total, will give good returns.
Somatung said:
Hi TP

Just a little, tiny input you may pick up once in the future if you want and have the time:

The question is only half asked, as not the expiry date is what should be thought of first instead " What strategy should or can I afford to trade on expiry week" ;)

Take care and all the best with this thread / Dan :)
Click to expand...
Thanks Dan, but I mostly sit it out on the expiry days :) I haven't traded options for about 2 months now. Maybe June is a good month for it, maybe not :D
 
V

Vertigo_1985

Well-Known Member
#8
#8
timepass said:
not doing anything as yet, but I think that buying Infy 1000 PE + CE, when the premiums are down - say for Rs. 10 total, will give good returns.
Thanks Dan, but I mostly sit it out on the expiry days :) I haven't traded options for about 2 months now. Maybe June is a good month for it, maybe not :D
Click to expand...
so.. took any position ? looked at reliance ? that may also give good move near end.
 
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