Budget day trading updates

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 !

Please update as we may learn today

Lost 18700 rs

This might help.

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.