The Options trader

NIFTY INTRADAY CHART

As written in today's outlook (link), I was looking to short nifty future.

The bright oppurtunity presented itself in the afternoon when nifty broke the bearish pattern.

At this time 5000PE was available for 116 rs.

Later when nifty future moved to fibonacci retracement level of 4955, the put matured to 162 rs.

A 40% return on investment.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Options to riches

NIFTY 4900 CE OPTION

I had written that 4900 will be strong suupport area for today. (link)

After nifty bounced back from 4900 and closed in green in 15 minutes time frame with high volume 4900 CE was available for 32 rs.

After this nifty continued on a one way journey to the target of 4995.

4900 CE by this time moved to 92 rupees.

187.5 % return on an expiry day. Voila....

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Options- The true multibagger

I had written on the weekend that 5017- 5040 will prove tricky for nifty future. (link)

Based on this I was waiting for intiating a short trade around those levels.

When nifty broke trend line and closed below it, I entered 5000 put which was available at 45 rs.

What followed was a mind blowing fall.

5000 PE moved to 105 at 4915 my target for the day. A whopping

return. Not bad for a day's work.

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss