Weekly trading diary : 2nd Feb - 8th Feb 2018

Today’s NIFTY move :-


Closed with Supertrend Sell Indicator.
I took position when Nifty50 was showing Sell Sign

**What’s about others.? **
**How much P/L this week ? **
Share ideas…

Going home with any options?

Yes bro taking home 1 truck of puts …

@Lets_Invest bro can you plz share that bubble chart of nifty …

Today’s trade: Overall loss again.

Captured Rs. 23.3 in Indigo Sell@ 1282.9 [email protected]

You mean Stock bubble Chart of NIFTY50 ???

lost arnd 30 points in iron condor :neutral_face:
went up 300pts from my level , so i did adjust one leg …

was watching every move closely … to adjust STT , price of the expiring options falls immediately after 3.29 ( 25800 call 130 to 110 and 26000 put 60 to 45 ) …

All booked positions combined is in profit… Its the carry forward positions that are giving the negative hue… By the by, any reason for long strangle at this level of IV ?

I am keeping my eye on IV it’s decreasing but at very slow rate

Hey bro… I don’t know much about options. Why do you take trades like this?
25600 PE and 25800 CE? Is it to balance the risk?

Some more naked writing in the last hour :yum:

2 Likes

bought calls and puts as usual … :smile:
you are one adrenaline junky …

what time you usually buy ? these days premiums are little high

if IV is 0 in option chain for some of the strike price, how can we calculate the B&S calcualtion?

What happened to this finally? Has it closed in slight profit??

On hourly chart Super Trend giving buy signal , what is the setting you are using for Super Trend

Yes bro …

probability of losing is very less :slight_smile:

actually sold 25800 call and put … bought 26000 call and 25600 as hedge …
in theoritical terms , worst possible loss is 50 points , but because of STT , option premium will lose 25/30 points … net loss will be close to 20 points

ps:-
instead of gaining 30 points , i actually lost 20 points today though ( when mkt went up i covered 25800 short and shorted 26000 put )

1 Like

if i had just left it i might have got 30/35 points :slight_smile:
nifty actually went up by 300 points from my level , so i adjusted put side for extar 25 points…

i expected 25800 call and 26000 put to trade arnd 150/155 after 3.15 , but it was trading at 180 and i covered arnd 175…

today i noticed that 25900 CE and 26000 put was trading at 85 till 3.25 … but after 3.28 ( in the last minute ) , combined premium dropped to 50rs …
looks like automated traders are waiitng till the last minute , so that retail cant take advantage of it

Ohh… this is the downside of early adjustments at times… I have also encountered such situations especially in Nifty this week…

Yea… I have noticed this sudden drop of premium too, that’s why I don’t use MIS orders in order to hold on and capture decay till last 2 minutes.