Augubhai - Systematic Trader :)

[augubhai]

1. 59P - long at 74.3

 

[augubhai]

1. 59P - long at 74.3, out at 72.69

 

[augubhai]

Some points that I have repeatedly observed:

1. The option price is a leading indicator for Futures price movement. If you you see the option price rising -especially the lower priced ones - without corresponding movement in Futures, then be sure that the Futures price will move in the same direction within the next minute. I am talking of a price movement of a rupee or 2, so how to profit from this knowledge??
Example: 9:39 today - 5900PE rose, but Futures was stagnant, then followed in the next minute.

2. If NF 5 min bar (or even 1 min) closes at or a few ticks from its High or Low, then that High or Low will be taken out in the next minute. This is especially true when the price came towards the High or Low in the last 20 seconds of the bar and stayed there. But if the price came near the High or Low, but moved away from the High/Low in the last 5-10 seconds, then expect the price to stagnate or even reverse.
Key is to watch price movements in the last few seconds before bar completion. Again, I am talking of a few ticks.

Not sure, if what I have written will be clear to someone who reads this...

 

[augubhai]

1. 59P - long at 74.3, out at 72.69
2. 60C - long at 69,

 

[augubhai]

1. 59P - long at 74.3, out at 72.69
2. 60C - long at 69, out at 68.33

 

[augubhai]

1. 59P - long at 74.3, out at 72.69
2. 60C - long at 69, out at 68.33
3. 59P - long at 67.65,

 

[augubhai]

1. 59P - long at 74.3, out at 72.69
2. 60C - long at 69, out at 68.33
3. 59P - long at 67.65, out at 63.22

 

[augubhai]

1. 59P - long at 74.3, out at 72.69
2. 60C - long at 69, out at 68.33
3. 59P - long at 67.65, out at 63.22
4. 60C - long at 74.92,

 

[augubhai]

1. 59P - long at 74.3, out at 72.69
2. 60C - long at 69, out at 68.33
3. 59P - long at 67.65, out at 63.22
4. 60C - long at 74.92, out at 77.95

 

[augubhai]

1. 59P - long at 74.3, out at 72.69
2. 60C - long at 69, out at 68.33
3. 59P - long at 67.65, out at 63.22
4. 60C - long at 74.92, out at 77.95
5. 59P - long at 69.2,