Diary of a day trader - Part 2

[DanPickUp]

@Dan,
You stay in Europe? Which market u are trading in. Are u an NRI? Or FII ( Foreign Individual Investor)

To make it short: You surely have seen in the forum some of my ways of trading options, rarely posted any where in this forum or any where else.

European markets at the moment I am not involved in it. Best market to trade in Europe, compare to my mind, so no rule, is the DAX.

At the moment I only trade any thing on CME. (Most sophisticated market in the world when it comes to option trading. No place for kids or would like to be)

Coming to FII: I study your market now for quit a while and the way many of you trade it. For me: Your market doe's not behave in any other way compare any other market does. I am only puzzled with the standard volatility from Bank Nifty Index. Any link where all of use, include you can see that real Volatility in numbers.

DanPickUp

 

[DSM]

Dan,

Is this what you are looking for?

Returns - INDIA VIX
YTD : 86.02% 1 Week 8.00% 1 Month: 53.50% 3 Months: 73.40%
6 Months: 87.10% 1 Year : 66.80% 2 Year : 11.80% 3 Year : 51.50%

http://www.moneycontrol.com/indian-indices/india-vix-36.html

You can download EOD data (OHLC) for the past years from the exchange in CSV format. However you can download only 1 year data at a time. So if you want data from 1st Jan 2009, you will have to select end date 31st Dec 2009 else the CSV file will give error. Link here :

http://www.nseindia.com/products/content/equities/indices/historical_index_data.htm

May be of interest : To be introduced India Vix Futures :
http://www.traderji.com/newreply.php?do=newreply&p=854373

To make it short: You surely have seen in the forum some of my ways of trading options, rarely posted any where in this forum or any where else.

European markets at the moment I am not involved in it. Best market to trade in Europe, compare to my mind, so no rule, is the DAX.

At the moment I only trade any thing on CME. (Most sophisticated market in the world when it comes to option trading. No place for kids or would like to be)

Coming to FII: I study your market now for quit a while and the way many of you trade it. For me: Your market doe's not behave in any other way compare any other market does. I am only puzzled with the standard volatility from Bank Nifty Index. Any link where all of use, include you can see that real Volatility in numbers.

DanPickUp

 

[TraderRavi]

Dan,

Is this what you are looking for?

Returns - INDIA VIX

dan is looking for Volatility data/numbers for BNF.........

 

[DSM]

TR,

No direct link, but EOD BankNifty data in OHLC format is available from NSE for previous years as a CSV file - with each year to be downloaded separately. Vola can be computed thereby...

dan is looking for Volatility data/numbers for BNF.........

 

[arcus]

I am only puzzled with the standard volatility from Bank Nifty Index. Any link where all of use, include you can see that real Volatility in numbers.

There is no such thing as "standard volatility". There is implied volatility and historical volatility.

The term "real volatility" is actually used when dealing with currencies and not stocks/indices.

@Dan,
You stay in Europe? Which market u are trading in. Are u an NRI? Or FII ( Foreign Individual Investor)

Maybe

http://www.traderji.com/options/66266-option-trading-danpickup-24.html#post765892

Point 6 is what you are looking for.

Not stupid.. they are oversmart. I'm sure that somebody knows the data in advance and takes positions before the close

If someone knows the data beforehand, it doesn't matter at what time the Government releases it, they could still take positions ahead.

On top of that, the markets behave unpredictably in response to news events. So its difficult to predict what the market does to a news event.

For example, we had an IIP contraction of 2.2% and a WPI inflation of 5.79% data released recently (which is very bearish news) but the markets merely shrugged them off with a 0.5% down move which was quickly regained back.

 

[timepass]

TV News : Petrol prices hiked by Rs. 2.35 per litre and Diesel prices by 50 paisa. Applicable from tonight.

Now that they have factored in the rupee depreciation, it can depreciate even more

 

[DanPickUp]

There is no such thing as "standard volatility". There is implied volatility and historical volatility.

Thanks to point that out. Was meant to say: Statistical Volatility (SV) which is also known as Historical Volatility.

 

[soft_trader]

At the moment I only trade any thing on CME. (Most sophisticated market in the world when it comes to option trading. No place for kids or would like to be)

DanPickUp

@ Dan,

Since you are staying in EU and trading in CME, may I know whether a resident Indian can trade in CME or not? If yes, then what is the process.

 

[DanPickUp]

@ Dan,

Since you are staying in EU and trading in CME, may I know whether a resident Indian can trade in CME or not? If yes, then what is the process.

When you open an account with any broke in the States, certain questions you have to answer and give a copy of any passport you have. Check the forms here from this broker, as this will give you an idea what you have to fill out:

http://www.americanfuturestrading.com/openanaccount.html

http://www.americanfuturestrading.com/downloads/AmericanFuturesTrading-IndividualAccount.pdf

At the moment the broker accept your application, you transfer the money, choose the trading platform you want to use and that's it. Sounds easy, but is not necessary easy.

They do not care about your laws in India (Tax and what ever you have), which you have to know by your self. Most important: From where ever money goes to there, it is not accepted when it is on a black list of countries they do not accept any money from. India, as far as I know, is not on that list. But get first in touch with the broker you choose and ask him about that. They are very friendly, as most of them live on commissions.

Take care / DanPickUp

 

[arcus]

@ Dan,

Since you are staying in EU and trading in CME, may I know whether a resident Indian can trade in CME or not? If yes, then what is the process.

Indians are allowed to trade overseas. They can, at present, trade in as many as 80 global exchanges legally.