options trading strategy for busy people

[dipendu]

Dear Tradingforbusyguys

There is no updation after 26th for SBIN. May I know the reason.

As far as my knowledge (if I am not wrong) this system has developed by Mr Uttam Kamdar.

However, please update present signal of SBIN.

Thanks

 

[dipendu]

Sorry not Mr Uttam Kamdar. The name of the gentleman is Mr Utpal Kamdar.

 

[tradingforbusyguys]

Hello Dipendu,

The daily update of SBIN can be accessed simply by visiting the 'Free Access' section.

The SBIN page will be updated on weekly basis.

Thanks

 

[victory]

Hi,

As per your system SBIN - Quick trend and Broad trend is SELL.

Understand we need to buy a Put.

Trend Level is 1711

SBIN AUG exp is 1691

Can I buy a PUt @ Strike price 1650 @ 56.45

Or any suggestion advice on best strike price

Hope I am correct in understand or have I missed anything....please clarify

 

[tradingforbusyguys]

Hello Victory,

I generally refer the trend level to decide on the strike, so in this situation near out of money put strike will be 1700 considering the trend level is at 1711.

If SBIN EQ is trading above 1711 around closing today, I would buy 1750 CE and continue holding put.

Thanks

 

[victory]

If nifty is above 1711 eod then we are holding both the legs.

Put @ Strike Price 1700 and Call @ SP 1750

Based upon the trend level tomorrow we will be closing on of the leg.

Hope am correct..........

 

[tradingforbusyguys]

Hello Victory,

That's correct.

Its about SBIN and not nifty, sure its a typo.

Thanks

 

[victory]

Hello Victory,

That's correct.

Its about SBIN and not nifty, sure its a typo.

Thanks

Typo error.........

 

[prakashtalele]

Hello everybody

 

[prakashtalele]

Option trading is basically for low loss, high gain