Trading Dairy - IF

[internet_fanbboy]

is it ur real trades ?

Yes, Sir.

Additionally, Will look to re-enter Copper on retracement. Other metals also showing signs of reversal from a Long term Weekly Support.

 

[internet_fanbboy]

Bought 1 Lot Copper @ 440.9

 

[internet_fanbboy]

Bought 1 Lot Copper @ 440.9

Booked @ 442.9 [Profit - 2000 INR]

 

[internet_fanbboy]

Bought 1 Lot Crude @ 5021

 

[internet_fanbboy]

Bought 1 GOLDM @ 30969

Closed @ 31058 [Profit - 890 INR]

 

[internet_fanbboy]

Reviving this for the Option Trade that i took today. Fairly new to Options Strategies, so thought i would put this out in the open for critique.

Took Short Straddle on RCOM @ 65 Strike.

Short 65 Call @ 5.15
Short 65 Put @ 3

Total Premium collected = 8.15
Total Time Value collected = 6.4

RCOM Trading at 66.75

Upper BreakEven = 73
Lower Breakeven = 57

Looking to short 1 more straddle if i see better premiums.

Will adjust my position with RCOM Futures if price moves in either direction.

 

[internet_fanbboy]

Reviving this for the Option Trade that i took today. Fairly new to Options Strategies, so thought i would put this out in the open for critique.

Took Short Straddle on RCOM @ 65 Strike.

Short 65 Call @ 5.15
Short 65 Put @ 3

Total Premium collected = 8.15
Total Time Value collected = 6.4

RCOM Trading at 66.75

Upper BreakEven = 73
Lower Breakeven = 57

Looking to short 1 more straddle if i see better premiums.

Will adjust my position with RCOM Futures if price moves in either direction.

Sold 1 Lot RCOM Futures @ 65.9

 

[internet_fanbboy]

Day 1

Straddle Short @ 8.15
Short 1 Lot RCOM @ 65.9

Current Position 7.45 (4.5 + 2.95)
RCOM trading @ 66.4

Notes:

- Should have taken atleast 1 more short straddle
- Shorting Future was an okayish move. It would be better if the Futures long/short are pre-defined

 

[TraderRavi]

Day 1

Straddle Short @ 8.15
Short 1 Lot RCOM @ 65.9

Current Position 7.45 (4.5 + 2.95)
RCOM trading @ 66.4

Notes:

- Should have taken atleast 1 more short straddle
- Shorting Future was an okayish move. It would be better if the Futures long/short are pre-defined

can you elaborate on red part..............

 

[internet_fanbboy]

can you elaborate on red part..............

Sure. This trade is about shorting straddle, thereby taking in good premium and then adjusting position according to the market moves. Adjustment done only after some decisive movement or at a crucial pivot break. (You can say that i want to keep my position Delta Neutral)

Now delta of my position is about .2

If i had say 5 Straddles then delta would have been (.2 * 5 = 1) and at that point shorting 1 Lot RCOM would mean making the position Perfectly Delta Neutral.

But with .2 Delta it does not make much sense to adjust using Futures. That's why i said that i should have shorted 1 more straddle atleast. Now that i think about it, if i want to adjust using Futures, I will have to have atleast 4 straddles. Will add on to the straddle position tomorrow.