Options writing tips

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Deal Cadet
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I have a basic knowledge of writing options .. never wrote one as it needs huge margin .

Is there anything i need to keep it in mind before doing it ? ( asking as its very risky )

32 Comments  |  
16 Dimers
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Deal Subedar
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Always go with hedging.

Benefit 1 : u r secure
Benefit 2 : more return % on capital

And enjoy writing

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Entertainer
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guest_999 wrote:

Question: I have a basic knowledge of driving & I want to compete in F1 racing, Is there anything i need to keep it in mind before doing it ? ( asking as its very risky ).

@csaram1067 if above makes sense to you then go ahead but if not then stay away from options writing.

@bikidas2060 @BubbleBoyChickenLittle @mrKool_JJ @Awake


https://cdn0.desidime.com/attachments/photos/636869/medium/Eh5TytSVkAAq1tv.jpg?1600184078

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Deal Cadet
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guest_999 wrote:

Question: I have a basic knowledge of driving & I want to compete in F1 racing, Is there anything i need to keep it in mind before doing it ? ( asking as its very risky ).

@csaram1067 if above makes sense to you then go ahead but if not then stay away from options writing.

@bikidas2060 @BubbleBoyChickenLittle @mrKool_JJ @Awake

Haha.. That’s a bad ass reply ! sunglasses sunglasses

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Deal Lieutenant
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guest_999 wrote:

Question: I have a basic knowledge of driving & I want to compete in F1 racing, Is there anything i need to keep it in mind before doing it ? ( asking as its very risky ).

@csaram1067 if above makes sense to you then go ahead but if not then stay away from options writing.

@bikidas2060 @BubbleBoyChickenLittle @mrKool_JJ @Awake

Prefer in the money calls to be on the safer side.
Maintain strict SL. Always look out for price action and have strong conviction in your trades or else just don’t trade grinning

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Deal Cadet
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Always hedge your position by buying some far stike. It means automatically your stop loss is kept. E.g. if you are writing TCS 2500 CE then buy TCS 2540 CE. so if TCS goin down your sell contract going down faster then buying contract. and if TCS is goin up then your risk covered by your buy contract.

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Deal Subedar
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mrKool_JJ wrote:

Prefer in the money calls to be on the safer side.
Maintain strict SL. Always look out for price action and have strong conviction in your trades or else just don’t trade grinning

….SORRY bro…never write in the money option…

,….sell options below the support or above the resistance and don’t get trapped by hope trade…

…option buying is for someone who has at least 2 year active experience in market and option writing requires at least 5 years experience…..

…but if you want to check your luck or want to decode the market go ahead…
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Deal Subedar
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Do detail study before doing option writing. I had burnt my hands by attracting towards it without knowing anything !!

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Deal Lieutenant
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still_guessing wrote:
….SORRY bro…never write in the money option…

,….sell options below the support or above the resistance and don’t get trapped by hope trade…

…option buying is for someone who has at least 2 year active experience in market and option writing requires at least 5 years experience…..

…but if you want to check your luck or want to decode the market go ahead…

Actually it has many factors and I too don’t have much knowledge about these so I am not the right POA to talk about this laughing
Appreciate your views smile

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Deal Subedar
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mrKool_JJ wrote:

Actually it has many factors and I too don’t have much knowledge about these so I am not the right POA to talk about this laughing
Appreciate your views smile

….m selling options for 6 months now….buying options for more than 5 years…

…still learning….but still afraid to sell naked option….fat jati hai smile..
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Deal Lieutenant
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be careful please
100% truth- in the last two months I lost my 8-10 year of savings and now in debt

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Deal Subedar
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SARDARKHAN wrote:

be careful please
100% truth- in the last two months I lost my 8-10 year of savings and now in debt

Aisa kaise ho gaya, what you did.

Show me your mistake so that we can alert from those event

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Deal Lieutenant
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titamazon wrote:

Aisa kaise ho gaya, what you did.

Show me your mistake so that we can alert from those event

dont want to again write everything confused
sorry

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Deal Subedar
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SARDARKHAN wrote:

be careful please
100% truth- in the last two months I lost my 8-10 year of savings and now in debt

Sad to hear that.

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Deal Lieutenant
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SARDARKHAN wrote:

be careful please
100% truth- in the last two months I lost my 8-10 year of savings and now in debt

Why bhai??? Man I can really understand your situation. I don’t have a word to say. 😔😔😔

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Deal Subedar
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SARDARKHAN wrote:

be careful please
100% truth- in the last two months I lost my 8-10 year of savings and now in debt

Ok , from how long you were writing.

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Deal Lieutenant
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it was 100% my mistake
I was a newbie and earned 40-50k in about a week
then in other week I was bullish in one stock and it went other way
so lost every thing and in debt
I have tension of my money and dont want to share further about the trade details

just wrote here to be careful

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Deal Subedar
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SARDARKHAN wrote:

it was 100% my mistake
I was a newbie and earned 40-50k in about a week
then in other week I was bullish in one stock and it went other way
so lost every thing and in debt
I have tension of my money and dont want to share further about the trade details

just wrote here to be careful

Get well soon bro from this shock.

Sad to hear your loss

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Deal Lieutenant
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SARDARKHAN wrote:

it was 100% my mistake
I was a newbie and earned 40-50k in about a week
then in other week I was bullish in one stock and it went other way
so lost every thing and in debt
I have tension of my money and dont want to share further about the trade details

just wrote here to be careful

Sorry to hear about your losses!
Please take care of yourself bhai.

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Deal Lieutenant
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mrKool_JJ wrote:

Prefer in the money calls to be on the safer side.
Maintain strict SL. Always look out for price action and have strong conviction in your trades or else just don’t trade grinning

Always prefer to buy in the money and hedge with selling out of money

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Tech Guru
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Don’t trade options, especially naked option buying/selling.

These instruments are there for a good reason.
If you are having a big portfolio and markets are crossing life time highs, then you can hedge your portfolio by buying put calls.

I must tell you guys, I have lost good amount in options, and have learnt this is best suited 4 hedging.

You can use these at your advantage 👍

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Deal Lieutenant
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still_guessing wrote:
….m selling options for 6 months now….buying options for more than 5 years…

…still learning….but still afraid to sell naked option….fat jati hai smile..

How you buy option if afraid to sell option and last if any greed and fear you have kindly stay away from market to save capital

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Deal Lieutenant
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Original wrote:

Don’t trade options, especially naked option buying/selling.

These instruments are there for a good reason.
If you are having a big portfolio and markets are crossing life time highs, then you can hedge your portfolio by buying put calls.

I must tell you guys, I have lost good amount in options, and have learnt this is best suited 4 hedging.

You can use these at your advantage 👍

You have to start trade with me I will make sure you change your views I am option players and stay in market from 9 yrs

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Tech Guru
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satis53 wrote:

You have to start trade with me I will make sure you change your views I am option players and stay in market from 9 yrs

Not everyone’s cup of tea 🙏

Missing