Any trading strategy for today 23rd April, being an Expiry day?

I am looking at anyone who can help me with a good strategy using options, either buying/writing, for end of the day today, a safe/low return idea.

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The only strategy I can think of is writing OTM options (which have a real low probability of expiring as ITM) and pocketing the small premiums.

Your profitability would depend on how much brokerage you pay. So before you think of doing this, ensure your profits are good enough cover for all the charges and leave you with some profits.

Good luck for a ‚ÄėHappy Ending‚Äô expiry!

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Betting on Volatility:

The India VIX levels are at almost 52 week high ranging in levels of 32, much higher than the average levels of 18-20. I expect the markets to be volatile and based on whether you are bullish or bearish, I would advice the following strategy to be taken for April Expiry.

If one is mildly bullish:

Buy Nifty 6800 CE @ Rs.54/-
Buy Nifty 6850 PE @ Rs.8/-

The combined value would be Rs.62/- The maximum loss is capped at Rs.12 while any Nifty level higher than 6862 and lower than 6788 would result in profits, potentially unlimited.

If one is mildly bearish

Buy Nifty 6850 CE @ Rs.12/-
Buy Nifty 6900 PE @ Rs.46/-

Combined value is 58 and max loss is capped at 10 with profits below 6842 of Nifty and above 6908.

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When ever you want to take a trade on expiry check for the Open Interest at particular strike prices.As of now there is a huge % change in open interest at 6900 CE and 6800 PE.Assumption is that these are being written. And are going to be worthless. So you can write these options and en cash the premiums.

Anticipating that expiry would be in between these strike prices.

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as per my calculation Expire NIFTY Spot around 6810 level…

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Go Long For Friday Opening . . .BlockBuster Day Awaited !!!

Since tomorrow is a Holiday, players will come back on Friday and keep the market higher, as May options will be costly, and those can be sold at higher levels.

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ICICI BANK_April_1300 [email protected]: Targets of 8 & T2-11.50 SL 3

First of all, trading in options on expiry day can never be safe - at least for the present month. Cause even if we write good strategies the closing price and the exercising price usually has a huge difference due to last 30 min volatility. And with the penalty involved, exercising can never be a good option.

Open is highest for 6800 options with high weightage to 6800CE. Very likely that markets close around this level. Hence with the view that markets will fall to 6800 levels, I would trade in next months options instead of this months and make use of the volatility. Hence writing OTM Call options for next month will be the best idea as all are trading with high premium. I could buy back today itself if the view is right and make some profits. Or I could choose to hold on for a few days. Markets are at lifetime high and further uptrend is very unlikely at least until the election results. Writing calls is the best idea now as premium are high.

However for today, as mentioned by Basu writing 6800PE and 6900CE can be tried, as both are trading around 1.5 and make a profit of 3. As per OI markets will close in this range more towards 6800. But I wouldn’t adopt to this as its not worth the risk.

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BUY NIFTY APRIL 6800 CE @ 46 AND SELL MAY BANK NIFTY @ 13178 … HOLD BOTH POSITION AROUND 3.2O PM

keep shorting 6850put at any price above 13 …no stop loss…profit target below 13 up to you

last thursday

Expecting Nifty and Bank nifty will go up inly today and may clsoe day high …its my view only

BUY NIFTY APRIL 6800 CE @ 46 AND SELL MAY BANK NIFTY FUTURE @ 13178 HOLD POSITION AROUND 3.20 PM

intraday VIX fell by 185 points. so,. Sell OTM with Highest Open intrest and book small profit. Nifty Spot is expected to close around 6830.

Good one Basu :slight_smile:

soon we willgo below 13…hold your breath

YES…YES…YESSSSSSSSSSSSSSSS

BELOW 9 HURRAYYYY…BELIEVE ME YOU CAN TRADE THE MARKET WITHOUT STOPLOSS…SEE YOU ON MAY EXPIRY

LTP OF 6850 PUT IS Rs 5.