Selvaraj-ji : Axis is keep going down. I have entered at 514.50 and reduce the costing by writing 530 call and the current costing is 508. Please advise whether I can hold it for long term. I don't mind about the Q4 result expected on 25th but I wanted to know whether it will cross 530+ levels in 1 or 2 quarters ?
Please recall your recommendation on positional buying DHFL at 360 levels which I bought and closed at 390+ levels. Thanks.
I am a small Investor, hence able to enter one at a time. I closed DHFL and entered into Axis Bank now.
I am planning to enter few more stocks (positional). I did an analysis on beaten down stocks like AurobindoPharma, SunPharma, Lupin, TataMotors. Do you suggest any of these to have in my kitty for a decent return or would you suggest anything else for a positional buy ! Please advise.
Selvaraj-ji - Is there any safe options writing, either long call writing or long put writing which has additional premium ? I don't know on how to identify the additional premium but I saw few members saying the premium is very high which will be eaten heavily due to expiry.
Thanks for sharing your techniques. I am in the process of learning different techniques and started applying it since last 2 months. I have been successful as well but NO sleep, hence I will watch your trading methods for few more days and will apply any one because I can't involve all the trades as being a small trader/investor.
Currently I am holding a writing position of Maruti 6300 CE. I have sold 6300 CE at Rs.43. Currently Maruti is trading at 5940. Do you suggest any hedging for this ?
Both the trades (1600 CE at 5.50 and sold Lupin 1450 PE at 9) are successful as the premium became 0 at expiry.
Also tried the below risky trades but I felt it's not advisable as it was breath taking and I was full of fear all through the day/night till expiry.
--> Sold 1500 CE at 22 ; Sold 1500 PE at 22 (Jan2017 expiry)
--> By God's grace, came out of 1500 CE at Rs.20. Though earned 2 point but actually no loss & no gain, due to other brokerage charges.
--> 1500 PE which I sold at 22 became worthless at the end as it became zero and I have covered my position at 5 paisa, hence full profit of 22 points (Around 7500-8000 profit excluding brokerage & other charges). But this was hell lot of tension as I almost lost my sleep because just 2-3 days before the expiry Lupin was trading below 1475 and at one point, it touched 1450 and my PE price was more than 50 at that time. Again, by God's grace, it recovered as the market recovered and the news of Lupin results on 09-Feb.
Lesson Learnt : Though I am in profit, I myself don't feel happy on entering such risky trade and I am in the process of finding alternate solution to enter one more trade anytime shortly.
I prefer to go very long call or put naked writing i.e. 10-15% downside in the beginning of the month itself and I am happy even if it gives me 5000 profit per month for a lakh investment and more importantly, I don't want to take heavy risk.
Disclaimer: The messages and ideas posted on this website are user's own views. Mudraa.com does not own any responsiblity for the losses incured due to information provided by the users.Data delayed 15 to 20 minutes unless otherwise indicated.