Trend is continued to be in consolidation phase between 310 and 400 levels. It wanders around 200 day EMA while MACD signals negative bias by staying below zero line. Expect it to stay below nearby resistance level of 370 till this expiry. As election result is on due, would like to adopt spread strategy. Lot size: 2667.
Titan has been in a bull run since last 7 months. After long long time, RSI has fallen below 60 levels showing bulls are loosing power. As per daily pivot chats, R3 stands at 1217. Currently Titan 1240 CE is available for 12 rupee premium. 1240 CE seems to be a perfect short candidate with margin requirement of 1.6L and net ROI of 5.47%. If Titan Breaks 1220 will...
YesBank neutral strategy for May expiry. Stock has corrected a lot before results and expected to consolidate before giving a decisive move. On upside its expected to get stiff resistance near its Fibonacci retracement levels of 211.6 and on downside 148 is likely to act as support. Expecting an expiry within 150-210 and hence created below neutral option spread....
ICICIBank had a nice bull rally from 350 levels and trading its all time high. In current situation going short or long nacked is likely to create damage to the portfolio. So creating neutral to mildly bearish spread as I am expecting some correction from the higher levels when BankNifty is selling pressure at its highs.
-1x 30MAY2019 FUTURES - ₹ 409.1
HDFCBank is trading near its all time high. As per pivot points its upside may be capped to 2360/2400. Creating below option strategy for this expiry. If HDFCBank approaches the BEPS, then will do necessary adjustments.
-1x 30MAY2019 FUTURES - ₹ 2286.35
+1x 30MAY2019 2260CE - ₹ 70.95
-1x 30MAY2019 2260PE - ₹ 45.25
-2x 30MAY2019 2360CE - ₹ 29.8
EMA 50-day and 200-Day signals the bearish trend. Recent reversal from 50-day EMA and MACD confirms the downward trend. In the coming days, the stock would retest the downside level of 200. Expect it to expire below 200-EMA which hovers around 240 level.
Trend continued to be in bearish note. Recent reversal below 100-EMA and breakout below wedge pattern confirms the continuation of downward fall. Expect the price would stay below 8000 level for this expiry.
Recent struggle nearer at 20EMA signals that bears are still hold the control. As well, short term EMA stays below long term EMA confirms the bearish trend in the stock.
Expect it to expiry below 33 level.
Moving average cross over confirms the continuity of bearish trend. As well, MACD signals that bulls would find very challenging to hold the high in near term. Expect it would stay below 90 level for Dec series. By considering the lesser liquidity, suggesting option investors to execute the order above 0.5
Outlook: Bearish. Trend is bearish as It continue to stay below 200-day EMA. As well, MACD signals bearishness by heading below zero. Expect this series would be below 72. Suggest to write 75 call @ 0.55.
As price continue to stay below short term downward trend line and close below 50-day EMA with bearish engulfing would keep the trend under bearish territory. Expect Nov series would expiry below 720 and would fetch return of more than 20%p.a post expenses includes brokerage and tax.
LONG STRANGLE OPTION TRADE STRATEGY
AUGUST 2ND WEEKLY CONTRACT
BUY 27400 PE @35
BUY 27900 CE @35
MINIMUM BREAKEVEN PRICE IS 70
QTY BUY CALL@480
QTY BUY PUT @480
HDFC BANK STRANGLE OPTION TRADING STRATEGY
I DONOT CARE FOR THE RESULT IN WHICH DIRECTION IT WILL
I AM CONCERNED REGARDING MAKING MONEY AS I AM SCALPER
WHEN IT COMES TO TRADING RESULTS.
HERE WE ARE BUYING BOTH THE PUT AND THE CALL OPTION
BUY 2140 PUT OPTION @12
BUY 2260 CALL OPTION @11.8
As of writing this, NFLX is down 14% at 343 dollars a share on disappointing revenue and subscriber growth, and weak subscriber growth estimates into Q3.
This decline in price puts our 400 dollar put position 57 dollars in the money which will more than offset the loss on the call position.
Further more the options bought expired 7/20 since we planned on selling...
Market seems to be in deep consolidation mode after the Budget presentation. Although PCR(Put-Call Ratio) of 1.1 suggests that uptrend is intact but this consolidation may continue till the end of this series. As we know that the nature of Volatility is to expand and to shrink and after the recent heightened activity sluggish phase is quite natural. Under this...