Hi All,
Our Aug/Sep strategy has given very good profits of 75 points i.e 5625 rs per lot
Following is direction neutral Nifty strategy for Sep/Oct , OFFICE people just take it and forget , no need to monitor every now
and than.
Buy 11700 oct call @ 214 ,1 lot
Buy 11600 oct put @ 156 ,1 lot
Sell 11100 Sep put @ 23 , 1 lot
Sell 12000 Sep call @ 31 ,1 lot
Just take all the above combinations , depending on capital you have in ratio 1:1:1:1
This is direction neutral , so let it run any way
P.S : option are risky consult your financial adviser before taking trade
Our Aug/Sep strategy has given very good profits of 75 points i.e 5625 rs per lot
Following is direction neutral Nifty strategy for Sep/Oct , OFFICE people just take it and forget , no need to monitor every now
and than.
Buy 11700 oct call @ 214 ,1 lot
Buy 11600 oct put @ 156 ,1 lot
Sell 11100 Sep put @ 23 , 1 lot
Sell 12000 Sep call @ 31 ,1 lot
Just take all the above combinations , depending on capital you have in ratio 1:1:1:1
This is direction neutral , so let it run any way
P.S : option are risky consult your financial adviser before taking trade
Comment:
Hello Folks,
The main reason I have asked to book profits is
See how Nifty 11600 Oct put Started trading at discount ,
Nifty close is at 11234 , Intrinsic value is 366 ,
So actual value should have been at least 380+ but its trading at 355 i.e 25 point discount (eating our hard efforts).
That's market and options pricing , we have to face it.
But as against this 11100 Sep put is selling at premium (Vega effect)
We had to take double punch , Yet we are in profit
The main reason I have asked to book profits is
See how Nifty 11600 Oct put Started trading at discount ,
Nifty close is at 11234 , Intrinsic value is 366 ,
So actual value should have been at least 380+ but its trading at 355 i.e 25 point discount (eating our hard efforts).
That's market and options pricing , we have to face it.
But as against this 11100 Sep put is selling at premium (Vega effect)
We had to take double punch , Yet we are in profit
Comment:
Nifty view (Expecting 1 leg up and 1 leg down):
Expecting 2 days rally followed by 3 day fall to new low 11180-11200 zone.
But it can happen it can rally for 3 days and fall 2 days
See expiry is very near and don't assume the moves so
stay away from buying deep out of money Sep calls like 11500 call or deep out of money Sep puts like 11000 put
Expecting 2 days rally followed by 3 day fall to new low 11180-11200 zone.
But it can happen it can rally for 3 days and fall 2 days
See expiry is very near and don't assume the moves so
stay away from buying deep out of money Sep calls like 11500 call or deep out of money Sep puts like 11000 put
Trade closed: target reached:
Book profits , Book profits ,Screamingly book profits.
Sep Pair , 11100 put @ 37 , 12000 call @ 2 - net profit 15 points
oct pair 11600 put @ 395 , 11700 call @ 32 - net profit 55 points
Total profit 60 points .i.e 4500 per lot
Sep Pair , 11100 put @ 37 , 12000 call @ 2 - net profit 15 points
oct pair 11600 put @ 395 , 11700 call @ 32 - net profit 55 points
Total profit 60 points .i.e 4500 per lot
Comment:
Get out , Take money home.
currently October pair is 394 : 24 rs profit
11700 oct call @ 44 ,1 lot
11600 oct put @ 355 ,1 lot
currently sep pair is 33.5 : 20 rs profit
11100 Sep put @ 31 , 1 lot
12000 Sep call @ 2.5 ,1 lot
Around 44 points profit