Banknifty Weekly Strategy

checkmate7

Well-Known Member
#81
Hi Surya,

Can you again tell current positions you are holding after today's update. Also the original positions and in between all the changes you have done with timeline. It would be helpful to track in one post.

Thanks!!!!
 
#82
Next Adjustment:

Booked profit in 21100 CE @ Rs. 7
And Sold 23rd MAR 20800 CE @ 116

So, My total booked profit is:
23rd March 21300 CE = 134-26 = +108 Points
March 21200 PE = 201-196 = +5 Points
23rd Mar 21100 CE = 99-7 = +92 Points

Total profit booked till now: 108+5+92 = +205 points

Current Position:
Future Long @ 21288
Short 23 MAR 20800 CE @ 116
Long APR 21000 PE @ 286

I will calculate the entire profit/loss after closing the entire position.
 

checkmate7

Well-Known Member
#83
Hi Surya,

Present Position:
Future Long 20862
Short 23 MAR 20800 CE 73
Long APR 21000 PE 416

So it is in loss of -257 points...

Now have to check 2mrrw after expiry.
 
#84
Hi Surya,

Present Position:
Future Long 20862
Short 23 MAR 20800 CE 73
Long APR 21000 PE 416

So it is in loss of -257 points...

Now have to check 2mrrw after expiry.
Bro.. I have already booked +205 points profits.. Check above thread..

Till now.. I am having approx -50 points loss only

And expiry is tomorrow.. I think it will be covered by tomorrow..
 

pannet1

Well-Known Member
#85
Bro.. I have already booked +205 points profits.. Check above thread..

Till now.. I am having approx -50 points loss only

And expiry is tomorrow.. I think it will be covered by tomorrow..
got confused between your various threads. was this real trade or paper trades.
 
#86
Hi Surya,

Present Position:
Future Long 20862
Short 23 MAR 20800 CE 73
Long APR 21000 PE 416

So it is in loss of -257 points...

Now have to check 2mrrw after expiry.
even my paper trade seems to be sitting at a loss . I am finding it hard to understand the logic behind the positions . Would be nice if suryameet could elaborate his thinking/logic behind the positions he takes .

My current position is :
Short call 21200 - 5084+
Long put 21000 - 5856+
Long Futures - 16,034-
Total loss : -5094
 
#87
even my paper trade seems to be sitting at a loss . I am finding it hard to understand the logic behind the positions . Would be nice if suryameet could elaborate his thinking/logic behind the positions he takes .

My current position is :
Short call 21200 - 5084+
Long put 21000 - 5856+
Long Futures - 16,034-
Total loss : -5094
Hi JoT8

Just reverse your paper trade and see how it would have gone,
& here onward track both scenarios

Long Call 21200
Short Put 21000
Short Futures (guessing would be around 21100)

The position you are carrying is a hedge of Long Futures with a Synthetic Short

where Synthetic Short = Long Put + Short Call

The reverse position that I have proposed will be Futures Short hedged with Synthetic Long (Long Call + Short Put)


Run both of them for few weeks and you will discover which works when ;)


Happy :)
 

checkmate7

Well-Known Member
#88
What Surya is doing is he is balancing long future with long put monthly expiry and partly by selling call of current week expiry.

So breakeven for this strategy is Purchase price of future-(Call premium+put premium)...So we have to everyday balance it out according to market otherwise if market fallsmore than above said we will be in loss.

He has adjusted in between so his loss is less but he may be in loss 2mrw if market again goes down like today..
 

Subhadip

Well-Known Member
#89
Hi JoT8

Just reverse your paper trade and see how it would have gone,
& here onward track both scenarios

Long Call 21200
Short Put 21000
Short Futures (guessing would be around 21100)

The position you are carrying is a hedge of Long Futures with a Synthetic Short

where Synthetic Short = Long Put + Short Call

The reverse position that I have proposed will be Futures Short hedged with Synthetic Long (Long Call + Short Put)


Run both of them for few weeks and you will discover which works when ;)


Happy :)
Synthetic short = Future short..

U will not gain anything, by doing this my dear friend..
 

checkmate7

Well-Known Member
#90
Hi JoT8

Just reverse your paper trade and see how it would have gone,
& here onward track both scenarios

Long Call 21200
Short Put 21000
Short Futures (guessing would be around 21100)

The position you are carrying is a hedge of Long Futures with a Synthetic Short

where Synthetic Short = Long Put + Short Call

The reverse position that I have proposed will be Futures Short hedged with Synthetic Long (Long Call + Short Put)


Run both of them for few weeks and you will discover which works when ;)


Happy :)


Yes what you are suggesting is bearish strategy :)...he has implemented bullish strategy...
 

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