Budget day trading updates

[kungumakarthik]

Made a huge loss today as the expiry was month end instead of 3rd February.

Inspite of the movement no money made lost a lot !
Screenshot_20220201-123516|225x500

Please update as we may learn today

Lost 18700 rs

[Jason_Castelino]

This might help.

5 Options Trading Mistakes to Avoid on the budget day

Hello there! “Not having a trade is also a trade” - Some wise guy We all know that betting on volatile events is gambling. And the union budget is the mother of all volatile events. So we thought we will make you a list of things to avoid during the budget day. Buying Naked options Options are going to be very expensive before the budget. For example, when we are writing this, NIFTY is at 17500 and the 17600 call is almost at 200 Rs. This means you need a 300 point move by expiry on the NI…

[Nidal]

IV was high and therefore premiums were too high. Post budget speech, IV dropped and therefore premiums also dropped both CE & PE side…

Never go for Long straddle. Instead do short straddle or short strangle.

Practice on Nifty weekly shorts then you can move on to Banknifty.