Thesis: Someone has made a massive long position in the markets which must've triggered several sell orders after a gap up opening in the markets. I have purchased some calls for the next expiry now. Let's see how it pans out.
What do the rest of you think? What is up with the markets because I am in deep green over the last couple of weeks.
Whatever happened yesterday was for option players. Just look on twitter how many people lost 15-20% of capital.
Gap up happened CE writers run for cover. Move fades away , PE writers run for cover. Market bounce back and CE writers run for cover.
Not once my Bank nifty Index fut trade hit any trailing SL.
On an index level I expect a lot of shakeouts and less momentum.
Positional Index fut trade is going to be very rewarding i feel.
Also to each of its own but lower TF trading should be avoided in this market. By base TF is hourly with combination of daily.
@steppenwolf Interesting analysis. You have a lot of knowledge about FUT and OPT which is very rare in Grapevine. You should share more knowledge here.
Which industry do you work in btw? Just curious to know.
@steppenwolf FUT trading and the capital requirement is much heavier than OPT so I suspect very few people take these FUT trades in retail segment. But I like the way you are thinking.
Today there is mild profit booking. Have purchased 500 ETF units of NIFTYBEES today. Let's see.
Anyone else opening new postions or any thoughts to share?
Currently Market is offering an excellent Risk : Reward. I know how hard it is right now to build positions, that is why i have a focused approach(Nifty 100 only). Whenever the market is going to give you Risk : Reward things are not goi...
I wonder if buying Calls and Puts at the same strike price will work really well 🤔
Seems like the anti-incumbency is in full swing this election. Portfolio in red. I'm buying more, seems like an irrational movement by the markets.
