Escape's Options Trading Diary - Strategy Based (Phase 1)

[escape]

Current Status:

1) Long Nifty Dec 5900 CE on Oct 31 @ 39.00, CMP 78.85
2) Long Nifty Dec 5400 PE on Oct 31 @ 45.35, CMP 16.25
3) Short Nifty Dec 6100 CE on Nov 5 @ 18.00, Closed today @ 24.95 (loss of 6.95)

Today market closed above last resistance and I hope it may reach target of 5810/15 in next few trading session or before Diwali.

 

[DanPickUp]

Dear Dan,

This is first time that I ever hold any option trade for so many day and still I'm in positive side.


:thanx:

Regards,
Escape

Dear Escape

Some thoughts to read through:

http://www.tradingmarkets.com/.site...rself-Time-to-be-Right-With-Options-78949.cfm

http://www.tradingmarkets.com/.site...l-Odds-of-Successful-Options-Tradin-81044.cfm

Good trading

DanPickUp

 

[escape]

Current Status:

1) Long Nifty Dec 5900 CE on Oct 31 @ 39.00, CMP 66.40
2) Long Nifty Dec 5400 PE on Oct 31 @ 45.35, CMP 17.25
3) Short Nifty Dec 6100 CE on Nov 5 @ 18.00, Closed today @ 24.95 (loss of 6.95)

Today market closed in negative although it recovered initial bigger loss. In case if US market recovers yesterday's bigger loss today, I can expect Indian market going up tomorrow as there is positive sentiments here.

 

[soft_trader]

Today market closed in negative although it recovered initial bigger loss. In case if US market recovers yesterday's bigger loss today, I can expect Indian market going up tomorrow as there is positive sentiments here.

Yes bro, I am expecting the same thing. Our markets today has shown good resilience. I think that today is just a knee-jerk reaction to yesterday's US market trade. If there is some bounce back in US markets I think we may take off yesterday's high tomorrow.

Disclosure: I am holding 5800CE

 

[DanPickUp]

Dear Escape

Out of order or what happen?

You are in loss with the strangle. What to do? You not can wait to long with acting, as the loss other wise could get to big. I thought you would act, but I do not see you around.

As you need some money, you could sell the Dec 5500 put for 33.10.

Set a stop loss and check if any of your indicators show a cross over for a possible up move in Nifty.

Good trading

DanPickUp

 

[escape]

Dear Escape

Out of order or what happen?

You are in loss with the strangle. What to do? You not can wait to long with acting, as the loss other wise could get to big. I thought you would act, but I do not see you around.

As you need some money, you could sell the Dec 5500 put for 33.10.

Set a stop loss and check if any of your indicators show a cross over for a possible up move in Nifty.

Good trading

DanPickUp

Dear Dan,

Didn't able to update as my Internet connection is down since last evening.
My position status remains same.

I didn't took any short (although I was seriously thinking about shorting on Friday itself). I'll take decision after Diwali on Wednesday. Also I can see some sign of improvement in market.

Regards,
Escape

 

[escape]

May the divine light of Diwali spread into your life peace, prosperity, happiness and good health.

 

[escape]

Dear Dan,

Didn't able to update as my Internet connection is down since last evening.
My position status remains same.

I didn't took any short (although I was seriously thinking about shorting on Friday itself). I'll take decision after Diwali on Wednesday. Also I can see some sign of improvement in market.

Regards,
Escape

Today Market went down, so will think about going Short on Dec 5500 put tomorrow.

Dec 5500 PE now 46.50.

Current Status:

1) Long Nifty Dec 5900 CE on Oct 31 @ 39.00, CMP 26.50
2) Long Nifty Dec 5400 PE on Oct 31 @ 45.35, CMP 27.45
3) Short Nifty Dec 6100 CE on Nov 5 @ 18.00, Closed today @ 24.95 (loss of 6.95)

 

[escape]

Current Status:

1) Long Nifty Dec 5900 CE on Oct 31 @ 39.00, CMP 28.10
2) Long Nifty Dec 5400 PE on Oct 31 @ 45.35, CMP 25.80
3) Short Nifty Dec 6100 CE on Nov 5 @ 18.00, Closed today @ 24.95 (loss of 6.95)

Although I planned to short Dec 5500 PE today, but as market went down, kept this on hold. I will take call tomorrow.

There was some Internet Connection issue for last few days, finally today it got issues.

 

[simple trader1]

hello gentlemen market mai paisai bananai kai bahut mokai hotai hai lakin jarurat hai sahi time pe sahi decision lainai ki,jab hamko buy karna hota hai tab buy nahi kartai,jab hum buy kartai hai tab dair ho chuki hoti hai.tab hamai loss hota hai,abhi mainai trading carrier suruwat hi kiya hai, abhi mai kaiwal nifty option mai hi trading karta hu,aksar hota yai ki humnai jitna pa liya ussai adhik panai ki sochtai hai yahi par aksar galti hoti hai,apnihi galti ki wajah sai mainai apana 1.5 lakh ka amount kho chuka hu,2 week pahlai maira trading amount 6 thousand tha,tab sai mai kaiwal nifty option mai hi trading kar raha hu,8 day mai maira trading amount 10000 ho gaya agar aap daily 500 rs 1 or 2 trade kai jariyai pa saktai hai,daily merai ko 5 or 6 trading karnai ke moke milte hai,agar aap sahi time par enter,exit ho, to market mai bahut moke milte hai.my view.thanks