Again Sell Off,can't blame FII ,they sold only 200 cr,its impatient retailers made this sell off.
So now NIFTY will fall below sub 4k levels or not is big question.we have nine trading days before expiry,NIFTY VIX is currently at 29,am assuming it will not stay at current prices till expiry,with Rupee near to 53/$,and Europe Zone problem still exist.
So PLAY WITH MARKET WITH A LONG STRADDLE
LONG STRADDLE /STRADDLE is is a neutral strategy in options trading that involve the simultaneously buying of a put and a call of the same underlying index, striking price and expiration date.Long straddle options are unlimited profit, limited risk options trading strategies that are used when the options trader thinks that the underlying securities will experience significant volatility in the near term.
Here am going to BUY 4600 CALL & PUT
Now decision is made ,but what levels is the key,At current prices in NIFTY site both will be coming @ Rs.10000 ,plus you have decide your profit targets also ,if tgt hit close both
End of the contract ,What price you entered in Straddle decides your profit .Am keeping buy expected entry levels also below,So if i BUY 4600 call @ 56 i will be entering 4600 PUT near or below @110,total will be coming to Rs.8000
*Those who think it too much money for 9 trading day,can go for MININIFTY OPTIONS at same levels.
Disclosure (Positions)
HOLDING (1) 5000 CALL Avg bought @ 25 (Till Expiry or 78 Tgt Hit).
Booked one @ 35 which was brought at 17 on Dec 15th.
December 4600 CALL @ 56-88
December 4600 PUT @75-110
So now NIFTY will fall below sub 4k levels or not is big question.we have nine trading days before expiry,NIFTY VIX is currently at 29,am assuming it will not stay at current prices till expiry,with Rupee near to 53/$,and Europe Zone problem still exist.
So PLAY WITH MARKET WITH A LONG STRADDLE
LONG STRADDLE /STRADDLE is is a neutral strategy in options trading that involve the simultaneously buying of a put and a call of the same underlying index, striking price and expiration date.Long straddle options are unlimited profit, limited risk options trading strategies that are used when the options trader thinks that the underlying securities will experience significant volatility in the near term.
Here am going to BUY 4600 CALL & PUT
Now decision is made ,but what levels is the key,At current prices in NIFTY site both will be coming @ Rs.10000 ,plus you have decide your profit targets also ,if tgt hit close both
End of the contract ,What price you entered in Straddle decides your profit .Am keeping buy expected entry levels also below,So if i BUY 4600 call @ 56 i will be entering 4600 PUT near or below @110,total will be coming to Rs.8000
*Those who think it too much money for 9 trading day,can go for MININIFTY OPTIONS at same levels.
Disclosure (Positions)
HOLDING (1) 5000 CALL Avg bought @ 25 (Till Expiry or 78 Tgt Hit).
Booked one @ 35 which was brought at 17 on Dec 15th.
Expected STRADDLE BUY
December 4600 CALL @ 56-88
December 4600 PUT @75-110
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