This months nifty options are weird !

[gmt900]

What about the brokerage, What about the variation in bid and ask ?

Brokerage is 20 per order for zerodha. Bid /ask price variation was very small.

If VIX spikes again, it may be worth trying such short strangle again.

 

[munde_77]

VIX has lost around 450 points today at 3 pm.

Banknifty 14200 straddle has lost around 350 points .

Nifty 7200 Straddles has lost around 120 points. Is this right time to book profit those who are short on CE and PE and is it time to book loss for those who are holding or better to average by adding more . Is it right time to buy cheap CE and PE compared to yesterday. Market seems to have factored Abkibar Modi Sarkar.

I think there wont be Upper Circuit or Lower Circuit on Election result day as the market will be open while counting goes on. Not more than 400 or 500 points variations can be expected in Nifty. My view is staying sideways till the election result is over.

Folks comment your ideas

 

[TradeOptions]

VIX has lost around 450 points today at 3 pm.

Banknifty 14200 straddle has lost around 350 points .

Nifty 7200 Straddles has lost around 120 points. Is this right time to book profit those who are short on CE and PE and is it time to book loss for those who are holding or better to average by adding more . Is it right time to buy cheap CE and PE compared to yesterday. Market seems to have factored Abkibar Modi Sarkar.

I think there wont be Upper Circuit or Lower Circuit on Election result day as the market will be open while counting goes on. Not more than 400 or 500 points variations can be expected in Nifty. My view is staying sideways till the election result is over.

Folks comment your ideas

I see zero chance of an upper circuit now, no matter what.
On the other side, if some really shocking results comes out, like NDA getting less then 200 seats "which does not seem possible", then there could be lower circuit.

 

[stock72]

I see zero chance of an upper circuit now, no matter what.
On the other side, if some really shocking results comes out, like NDA getting less then 200 seats "which does not seem possible", then there could be lower circuit.

LET say BJP goes above 272 + then also no UC .?. but personally I am guess BJP with be less 220 ...

 

[TradeOptions]

LET say BJP goes above 272 + then also no UC .?. but personally I am guess BJP with be less 220 ...

Yes bro, even then no upper circuit this time. Because a lot of that has already been factored in by the markets, otherwise there is absolutely no reason for the Indian Markets to be making new life time highs on a daily basis.

I really like your personal guess of BJP less then 220, as that will be good for the put buyers. :lol: