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[amrutham]

Entered into below BN expiry day trade.

BN Spot @ 26600

Buy BN 26600 PE 600 Qty @ 99
Sell BN 26500 PE 1200 Qty @ 52
Buy BN 26400 PE 600 Qty @ 24

Net Debit = 99+24 - 104 = 19*600 = 11.4K

 

[VJAY]

Selling 26500ce and 26600pe combined premium of 218 is looking attractive both with slm of 140 each

Dear anil,
What are the creteria to select/fix stop loss for the position?

 

[anildnr]

Dear anil,
What are the creteria to select/fix stop loss for the position?

Hi vijay..generally i see the premiums and market trend..in the above trade market opened without much volatality and both combined premium should be 100 if it is in between 26500 n 26600. But it was at 217 when i took the position. Generally better to keep 30 to 40 points stoploss as if you keep 10 points like that it will hit for small swings in bn. If you keep 140 sl in above scenario and the position is safe for one more hour then we can gradually reduce the sl by 5 points like that. Anyway this position i have taken without any hedge any sudden events which are unexpected will make it huge loss. So generally i close for 10 to 20 rs profit

 

[anildnr]

Hi vijay..generally i see the premiums and market trend..in the above trade market opened without much volatality and both combined premium should be 100 if it is in between 26500 n 26600. But it was at 217 when i took the position. Generally better to keep 30 to 40 points stoploss as if you keep 10 points like that it will hit for small swings in bn. If you keep 140 sl in above scenario and the position is safe for one more hour then we can gradually reduce the sl by 5 points like that. Anyway this position i have taken without any hedge any sudden events which are unexpected will make it huge loss. So generally i close for 10 to 20 rs profit

If you see bn fall today, compare

Hi vijay..generally i see the premiums and market trend..in the above trade market opened without much volatality and both combined premium should be 100 if it is in between 26500 n 26600. But it was at 217 when i took the position. Generally better to keep 30 to 40 points stoploss as if you keep 10 points like that it will hit for small swings in bn. If you keep 140 sl in above scenario and the position is safe for one more hour then we can gradually reduce the sl by 5 points like that. Anyway this position i have taken without any hedge any sudden events which are unexpected will make it huge loss. So generally i close for 10 to 20 rs profit

Now aa the combined premium is around 195 ..we can close the position or move the pe slm to 130 rupees and call to 110rs.

 

[anildnr]

If you see bn fall today, compare

Now aa the combined premium is around 195 ..we can close the position or move the pe slm to 130 rupees and call to 110rs.

Pe sl 130 hit...immediately we need to take out ce ..dont try to time the market..so closed ce at 55

 

[anildnr]

When compared to nifty fall bn fall is not that much..so if any reverese in nifty, bn reverese fast i feel..

 

[anildnr]

26400ce and 26600pe combined premiums 243 looking attractive with each slm at 160rs

 

[amrutham]

Pe sl 130 hit...immediately we need to take out ce ..dont try to time the market..so closed ce at 55

Well done. So, whats your profit in this trade?

 

[anildnr]

Well done. So, whats your profit in this trade?

6600

 

[anildnr]

Well done. So, whats your profit in this trade?

But i am not that confident in the above trade which is of 243 premium as i m expecting some movement in bn