Yesterday, I was at Pune interacting with the participants of the F&O Workshop held there. It was a lively interactive session with questions flying thick and fast.
Next such session is at Bangalore on December 16, 2018.
Coming back to the trades in December Expiry, the three trades suggested on Friday were taken at the following prices.
INFY PUT 620 at Rs. 6.00
SUNPHARMA PUT 450 at Rs. 8.00
RELCAPITAL PUT 210 at Rs. 7.00
The first two had gone wrong slightly by end of day whereas RELCAPITAL stock price was down and the PUT 210 gained in value slightly. A flat first day for us like it was for the NIFTY Index.
For today, the indications are for a strong opening as the Asian Markets are high in a big way. So is SGX NIFTY which is up 65 points.
Trades for Today :
We have taken 3 PUTS yesterday.
With markets likely to open higher we may see some erosion in value there. Prudent thing would be to wait and watch.
As far as new trades are concerned, TATAMOTORS continues to be weak month after month. With vehicle sales going down this month, it may see a further decline.
PUT 160 ( about 5-6% away from the current stock price ) is priced at Rs. 4.40 on Friday prices, With a slighly positive opening for the stock, we may get this PUT for Rs. 4.00. If the stock opens down, I would go up to Rs. 5.00.
TATAMOTORS PUT 160 at Rs. 4.00-5.00 is my likely trade for the day based on our selection method. Maximum risk is capped at Rs. 7500.
TITAN is doing well over last 30 day period as well as 7 day period.
Current price is Rs. 930. As the volatility is not very high in this stock, we go for a Strike 5% away and consider CALL 980 at Rs. 13.00 -15.00.
If the price stays above Rs. 15.00, I am not taking a chance today. Maximum risk is Rs. 11750 lot size being 750.
That sums up the trades for the day.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.