04/12/2013 09:15 Trend: Positive, SL: 6195.12
04/12/2013 09:25 SL Triggered, Trend: Negative, SL: 6215.00
04/12/2013 09:35 Sell near 6196.50-6192.80, Target: 6159.50, SL: 6215.00
04/12/2013 01:50 Caution: Exit Shorts near 6196.50-6192.80, SL: 6215.00
04/12/2013 02:10 SL Trailed: 6198.89
04/12/2013 02:20 Sell near 6180.86-6177.26, Target: 6144.82, SL: 6198.89
04/12/2013 02:35 SL Trailed: 6195.28
04/12/2013 02:45 Sell near 6177.14-6173.51, Target: 6140.85, SL: 6195.28
04/12/2013 03:05 SL Trailed: 6184.67
04/12/2013 03:15 Sell near 6166.13-6162.42, Target: 6129.04, SL: 6184.67
04/12/2013 09:25 SL Triggered, Trend: Negative, SL: 6215.00
04/12/2013 09:35 Sell near 6196.50-6192.80, Target: 6159.50, SL: 6215.00
04/12/2013 01:50 Caution: Exit Shorts near 6196.50-6192.80, SL: 6215.00
04/12/2013 02:10 SL Trailed: 6198.89
04/12/2013 02:20 Sell near 6180.86-6177.26, Target: 6144.82, SL: 6198.89
04/12/2013 02:35 SL Trailed: 6195.28
04/12/2013 02:45 Sell near 6177.14-6173.51, Target: 6140.85, SL: 6195.28
04/12/2013 03:05 SL Trailed: 6184.67
04/12/2013 03:15 Sell near 6166.13-6162.42, Target: 6129.04, SL: 6184.67
Intraday Pivots for Nifty: 6181.71, 6232.42, 6283.08
ReplyDeleteGood Morning Sunilji. Can we use this dip to enter CE
ReplyDeleteHi SR, Good morning
ReplyDeleteEntered 6300 CE @ 6180
@SAI Good Morning. Yes, Keep SL at 6180
ReplyDelete@Kris hna Good Morning. Okay keep SL at 6180. (Major pivot)
ReplyDeleteThanks
ReplyDeleteIndia Vix has lost its momentum today, which may indicate end of correction and upmove may resume again.
ReplyDeletesir excellent , you bought pe at almost day low
ReplyDeleteGM Sirji !
ReplyDeleteUtterly confused which trade to take...positional or intraday :(
Hi SR,
ReplyDeletekeep posting calls which you make intraday (other than trade alert)
@Pramod GM, Markets awaiting election results for a decisive directional move. Option IVs have corrected after the bubble burst. Can enter a strangle for 1-2 days.
ReplyDeleteI m avoiding options as still vix is high.
ReplyDeleteGM sir, I think this correction in VIX is just profit booking, is it touch 25.5-26 before election results
ReplyDeleteGM, Yes, very likely.
ReplyDeleteSir,
ReplyDeletewhen you have given 5900 PE shorted....!! looks like i missed that call.
In that case, short both CE + PE till VIX is in correction mode with tight SL. I again shorted 6600CE + 5800PE at 25 and 30.5 resp. and now my nett SL is at 55
ReplyDeleteThanks.
ReplyDeleteI had not given that call. This is my daily trading strategy...
ReplyDeleteYehh...This sounds better :)
ReplyDelete@Tarun This is my daily trading routine. At 10:00am, Note the day high of CE and PE and short whichever option is near day high in 50-70 price range with strict SL of day's high.
ReplyDeleteDue to drastic erosion of premiums of both PEs and CEs, this strategy is most suitable.
ReplyDeleteMy daily intraday trading strategy for option writing:
ReplyDeleteAt 10:00am, Note the day high of CE and PE.
Short whichever option is near day high in 50-70 price range with strict SL of day's high.
First target is day's low of the option.
Many a times, it may hit the SL, but losses are very small.
But returns are large. :)
Good morning SR and AC readers :)
ReplyDelete@HAM Good Morning. :)
ReplyDeleteHope you doing good. I totally missed the advantage of Vix due to some work :(
ReplyDeleteI'm doing good. Hope the same with you. Yes, Yesterday it went against me. But feeling better today. :)
ReplyDeleteAnyways, markets likely to be very volatile this series.
GM, yes u missed ur fav trades, but I enjoy vix from last 3 days.
ReplyDeleteRevised SL to 54
ReplyDeleteYes, Good job buddy !!
ReplyDeleteGM HAMJI
ReplyDeleteWhen compared with global markets, nifty suppose to be trading above 6500 mark but it didn't even breach 6250... Indian market is rather more psychological market rather than investors one.
ReplyDelete6000 put has highest OI and is like a concrete wall built by bulls, if breaks 5970, it may drift to lower levels of 5500. Small hint is that when nifty recovering from lows of 5150, it created two gaps, smaller one is between 5730-5680 and second larger gap between 5555-5448. It's the similar situation as we discussed earlier before that steep fall which occurred in August month and it got filled after struggling for an year. Hence sooner or later these gaps too shall get filled, maybe in 2014 after flashing new highs(time matters). As of now ignore this theory as markets are bullish above 6010..
Coming to boarder markets, Shanghai, Singapore, Indian markets under-performed where Hangseng flashed 2.5 year high on Monday and Nikkie is obviously a bubble formed in 3 years, obviously US and EU markets are out-performers.
Nifty above 6230 => 6281/6305/6350/6500.
Range for Dec month is 6000-6500 and so there's rise in volatality index.... For anyone who are willing to buy on dips shall consider 6000/5970 as positional SL...
Good morning Sai :)
ReplyDeleteSir, is it in the form of 'Short Strangles' or individual?
ReplyDeleteIn today's short strangle both options are profitable.
Exit at 54
ReplyDeleteIndividual. Like today i shorted 5900PE at 56 with SL of 56.2. :)
ReplyDeleteYesterday, I had shorted 6000PE at 70.7 with SL of 71.4, I went down to about 65 levels but my first target was 62.55, didn't achieve it and bounced back and even broke above the day's high. Luckily I had trailed my SL to 69.9 and exit at TSL :(
sir is it advisable to short every high
ReplyDeleteNo. Generally options make their high during the first hour of trade. So its only 1 trade every day. :)
ReplyDeleteok , so in individual options short, you will short ce / pe depending upon trend ?? so like today 6180 was pivot today, so u shorted pe rathar than CE, correct ?
ReplyDeleteIts immaterial of trend and pivots. Its just taking the first hours high as SL as most of the day's options make their day's high during first hour. Today, I had an advantage as Nifty had taken support of pivot near 10am. That's the reason I shorted 3 lots instead of my normal 2. :)
ReplyDeleteThat's the good approach: (Nifty had taken support of pivot near 10am.) instead of buying CEs, short PEs at that point.
ReplyDeleteI prefer shorting options as its easier to set a SL. 99% of the times SL of day's high after 10am works best. The same is not true for day's low.
ReplyDeleteMore margins are needed for that, approx 25k / lot.
ReplyDeleteThat's even better. It stops you from over-trading :D
ReplyDeleteBTW, margins needed are much lower for OTM options and even lower for intraday. Like today, shorting 5900PE - 3 lots blocked only about 25k margin
ReplyDeleteThanks for ur valued information.
ReplyDeleteInstead of buying CEs, better to buy NF which is less volatile.
Its true NF is the best choice and can even be hedged. But for intraday, shorting options would be the best choice. For example, If Nifty hits and support/Resistance multiple times. Futures may create different highs/lows and such difficult to set a fixed SL, whereas for options the first high would be max and can be used as strict SL for reversing trades. Even if the trade does not reverse and stagnates for a while, we get profits. :)
ReplyDeleteThanks :)
ReplyDeleteOptions IVs are rising again. 6600CE + 5800PE had made a low of 51.5 and we exit short strangle at TSL of 54 is now at 58.5.
ReplyDeleteVix index above 24.75, its 27/28.80
ReplyDeletehi SR,
ReplyDeletespot below 6180, what is possible intraday ?
thanks
Lets wait for confirmation. 20-min ema still not broken 6180.
ReplyDeleteIntraday Pivots below 6181.76: 6131.11, 6080.45
ReplyDeleteBroken now.
ReplyDeleteSir, can it be taken as Buy at dip ?
ReplyDeleteWith election exit-polls likely to out in the evening today, we may see a major gap-up tomorrow. As options have corrected quite a bit today, can go with OTM calls near day's end.
ReplyDeleteThanks
ReplyDeleteGOODafternoon sir, which nifty call will you suggest for now
ReplyDeleteregards
Good Afternoon. 6500/6600 only to exit tomorrow morning.
ReplyDeleteSir I am holding Nifty Future (@ 6254) , Nifty 6100 PE (@ 109) and also havind Bank India 200 PE (@ 8) . Please advice , can we hold all these till monday . Or shall I keep some SL for BANK INDIA PE .
ReplyDelete