Yesterday i bought september 4000 puts at Rs 54 as soon as the markets openend beacuse i felt that the market wont be able to sustain the gap up opening.This whole week Nifty seems to be in down trend. Are we going to see the bottom in September or in october?
Dear knowledgeble members, please put your views.

Thank You
Happy Trading...

Hello Dear Members,
What according to you should be the fair value of September 4750 PUT.

Thank you in advance

Cheers
Ashish...

Dear members,
I have two puts aligned at 4300 and 4400 which are running into loss now.
I had a 4700 call, too, which, so silly of me, i sold at loss.
Please suggest me what to do?

Thanks


...

I think it was a good call. I would probably buy a call if there is a gap-down today.. If you believe that the market could test the previous lows, you could hold onto it.. Cheers...

Dear Ashjaiswal, Sad to know you booked loss in 4700 CE. A gap-up cannot be ruled out on Monday considering the run in DOW yesterday. It might be too late for you to buy a CE as the gap-up could end up the highest for the day. You could consider this depending on your risk level. I still believe we will see some downside on profit-booking but it could happen after 200 pts also. You could consider buying a futures and sell some call which could cover the downside between the futures and 4400 level. The 4300 and 4400 PE could act as some hedge in case the market goes down. If the market goes up, you will gain the premium amount atleast and the future position will act as an hedge for you sold CE. This is bit risky as the future positions might put some pressure on MTM losses in case the market goes down, . I feel this could be better than letting the PE expire worthless in case market stays above 4400 for whatever reasons. Cheers Cheers...