Since lot of discussions on ITC, had a simple look at the chart. With each passing day, the probability of a large breakout increases. Watch the behaviour of MFI, but wait for prices to trade above the trendline with volumes

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This friend had trouble making money in options though he was directionally right. Let us see how a basic understanding of greeks would have helped him, This thread will be about two attributes of option pricing, extrinsic value and theta


An option has two parts, intrinsic and extrinsic value. Think of a pack of Lay's potato chips. When you buy and open the pack, what you find is some chips and a lot of air. Intrinsic value is the chips, extrinsic value is air


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