Just bet 483 USD on this.

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Well, if someone cannot understand rudimentary math than IDK what to say. I have a math background but then again, it is all probability. I am not saying I am 100% sure of making a killing. I just don't want that regret of not having even tried.


Again, no one is going to spoon feed me or you money making info or actionable insights. You have to try and keep trying. I am sorry we don't agree on our viewpoints/ perspectives but I respect your opinion nonetheless.
it all depend bro

i think when approaching any opportunity to make internet money, it is more successful result to lay foundation of entire field first, and then zero in on the money making

for example, with trade forex, first start learning technical analysis, basic bitch things, get the foundation sorted

for meme coin, start learn how meme coin even become possible to be made, then what is the life cycle of a typical meme coin, read any books on meme coins that are available

and for option trading, read books on the greeks, how option contract work, etc

from what i understand, there is 4 ways option can be executed: buy or sell put, or buy or sell call

i think out of these 4 option, there is 1 of them that provides more a statistical "edge" to squeeze out a profit. there is collect the premium by selling option, and then pay a premium to buy an option, i think this is how it work

i believe right way is to research these foundation and understand where the most money extraction come from

that is the goal, to identify where the stable money source is, and then zero in on this

this is all very difficult stuff to do tho bro

sufficient level of IQ is required, it not easy

and even then it could require a good amount of consistent efforts to sustain such internet money earning

even for me i learned that with trading forex to make profit, i may have to work hours every day looking at price chart. like office job where i sit there and actually do work for a 6 hour shift

a lot of factors can come into play with it

it not impossible, but i do think strong foundation is the key to overcoming all of this fuck shit that is thrown
 
Today's update:

Had a lot of IDEA 7 PUT 27 MARCH (option to sell 40,000 stocks at 7 INR on March 27th) for 0.25 INR a piece (10,000 INR).

Sold at 0.30 INR a piece by exploiting bid/ ask spread. Kind of risky so won't do this type of trades. Anyway gained 20% (2000 INR) today. Many open positions still.

IDEA fell a bit today so maybe someone thought 0.25 was a fair price for this option.

Anyway, our goal here in this journey is to you know take profits and then invest these profits into books.
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Like I am planning to buy these 3 books with the profits I may get.

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The options we have in India are European. But I think Euan's books will help me even if they are about American options. Lets see how this thread progresses. I have @BassTrackerBoats 's blessings so it will be great hopefully :).
 
it all depend bro
I am not your "bro" BTW. Will appreciate if don't call me that. That's like a legit epitome of lameness.

it not easy
Nothing which will end up making money for you is. Don't have what it takes, you are always free to leave.

trading forex to make profit
Forex is illegal where I live as per the set regulations. You don't even know the laws and regulations I guess.
 
BTW forgot to update. I squared off some current positions because FOMC minutes are due tonight. No point in taking unnecessary risk.
 
I am not your "bro" BTW. Will appreciate if don't call me that. That's like a legit epitome of lameness.


Nothing which will end up making money for you is. Don't have what it takes, you are always free to leave.


Forex is illegal where I live as per the set regulations. You don't even know the laws and regulations I guess.
Haha gotcha bro, this is just how I speak

But I understand, I am not sure why you seem very hostile bro but it’s all good

I will leave you to it
 
Today markets behaved odd. And global indices are in red too. Would be interesting to see how tomorrow pans out. It is also the last trading session of the week. Holding some puts again.

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So there is more down side ahead. I am holding VODAFONE IDEA PUTS of March 27th and April expiry and along with that, I am running an experiment with ZOMATO PUTS too. I plan to spend 8000 INR approx max. in this experiment. Will share the theory and results if things pan out right.

I have also got myself amibroker and have purchased access to data of NSE from a reputed data vendor. They are also authorized for selling exchange data to traders. Will keep posted on this development too.

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So, I am now trying to learn as much about pricing models and my engineering background is helping a lot. Let's see what happens.

To take out emotion from the game, am planning to create some basic models and test them out on Amibroker.
 
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The craziest thing just happened. Have a look at this secondary research report as reported in a news article.

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While I never trade based on secondary research reports like these, I already am holding STRIKE 6 PUTS of 27 March and 24th April expiry. And in an ideal case if the price of VODAFONE IDEA does drop by 70%, I will make minimum 250K INR. But that is the ideal case.

Tomorrow is a trading holiday so we will have to wait till the day after to see what happens. Last time Goldman issued such a report, the stock was nuked by almost 30% +.

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Hoping for the best here. Total optional control I have is of 2 lots or 80,000 shares. I will use the Black Scholes calculator and IV/ HV data to come up with a proper target for the options I have right now. Will have to take into account margin of safety too.
 
Someone seems to have not liked the GS report of the fair value or target being 2.4 so they planted this news.

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1 Crore = 10 Million.

Lets see what happens.
 
So I bought put options for Vodafone IDEA expiring on 27th March of 8 INR strike price. This stock made me like 40 USD today as I was holding a put position earlier and it tanked like crazy in the morning today.

I am hoping to at least double my money in this case. Also, does anyone know any good YouTuber which talks about the mathematical aspect of options? I want to soak up as much knowledge and information as possible from good sources and sadly, most YT creators in the options space go around in circles and add little value to you if you watch them.

Though I found this guy to be quite good but he has published a very limited number of videos.

https://www.youtube.com/@benjjjaamiinn
saw this post kind of late, but it seems your trade is already going great!

congrats G and hoping this trades go in your favor and hit that tp level like a rocket smashing thru the atmosphere :D

also the yt guy is great, i watch his videos also a great guy also funny

cheers mate
-terunoz
 
Looking on your arguments how you trade options i can only tell get out before losing.......
Options are not being traded this way successfully.
And i'm not saying this to attack somebody .
 
Looking on your arguments how you trade options i can only tell get out before losing.......
Options are not being traded this way successfully.
And i'm not saying this to attack somebody .
Well, elaborate. And I don't mind being attacked. If the attack has some basis, I am glad to hear your POV. I buy OTM puts. Like a very very specific way of trading options. And one more thing, I have more factors which I taken into account like technicals, fundamentals and a lot more things. Many people don't even know what options are and tend to make blanket statements like "You will lose" "You will never win".

And I have never discussed in detail my methodology for buying somewhat deep OTM Puts with expiry or >= 30 - 40 days. In fact, all I have done is update the thread with what is happening. If you don't know what you are saying, best not to say it.

EDIT: Before you make any comment on any thread, at least elaborate your point and give proper logical reasoning. Otherwise the issue is you just pump up your post count and add little value to any given thread.
 
So made a small amount so far today. Am a put buyer so obviously today's bloodbath made me some dough.

Lets see what happens. Will try to square off existing positions as GDP data coming in today.
 
For tomorrow's there aren't many positions except for the ZOMATO experimental one. I think tomorrow will be interesting because US markets ended on a good note but the Asian ones are like in deep red. Foreign Institutions hammered shares worth almost a billion and a half dollars on Friday

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Small 5.5% gain in a day. I was expecting a decent fall but nevertheless 5% in one trading session is also fine. Global cues were positive so maybe that is why banks in this index didn't fall that much.

Took this trade on technicals only.

Edit:

Another position closed for a gain of more than 10%

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Went further OTM on put long side. 1000 INR in a day ain't bad. 10 Litres of petrol/ gasoline almost.

Edit 2: So made 1500 net in less than an hour.

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Anyway, will keep this thread updated as usual.
 
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Another trade which was Zomato also I closed so today's total is now at 2500 INR pre tax profit. This was based on technicals too. But won't dabble into Zomato more as it is going to get into NIFTY 50 index on 28th I believe and many might buy it like crazy. That experimental put stays on like before.
 
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Small profit after squaring off super small positions today.
 
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Another super small size trade with a 17%+ gain. Had put 3400 INR and made a 600 INR profit. OTM Put like usual.
 
Markets closed due to the weekend. Hence, the thread hasn't been updated.

Other than that, journey going on as usual. :)
 
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