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[milind2754]

Entered into below BN position for Sept 06th expiry.

BN Spot @ 28070

Buy BN 28300 PE 200 Qty@245
Sell BN 28200 PE 200 Qty@188
Sell BN 27700 PE 200 Qty@ 48

Debit = 1800[/QUOTEamrutham sir lower protection for this position is 27627 . how to adjust if lower 27627 breaks ?

 

[milind2754]

Entered into below BN position for Sept 06th expiry.

BN Spot @ 28070

Buy BN 28300 PE 200 Qty@245
Sell BN 28200 PE 200 Qty@188
Sell BN 27700 PE 200 Qty@ 48

Debit = 1800

amrutham sir lower protection for this position is 27627 . how to adjust if lower 27627 breaks ?

 

[SarangSood]

Entered into below BN position for Sept 06th expiry.

BN Spot @ 28070

Buy BN 28300 PE 200 Qty@245
Sell BN 28200 PE 200 Qty@188
Sell BN 27700 PE 200 Qty@ 48

Debit = 1800

amrutham sir lower protection for this position is 27627 . how to adjust if lower 27627 breaks ?

One way would be to shift 27700 to 27300. That way your delta will be adjusted, though it should have been done yesterday only.

 

[amrutham]

Entered into below BN position for Sept 06th expiry.

BN Spot @ 28070

Buy BN 28300 PE 200 Qty@245
Sell BN 28200 PE 200 Qty@188
Sell BN 27700 PE 200 Qty@ 48

Debit = 1800

Closed the whole position at break-even. Not comfortable holding it seeing the volatility in BN.

BN 28300 PE 200 Qty@469
BN 28200 PE 200 Qty@375
BN 27700 PE 200 Qty@ 80

 

[amrutham]

amrutham sir lower protection for this position is 27627 . how to adjust if lower 27627 breaks ?

One way to adjust this position is to move the 27700 PE to either 27400 or 27300. Any way I have closed this position.

 

[SarangSood]

Entered into below BN position for Sept 06th expiry.

BN Spot @ 28070

Buy BN 28300 PE 200 Qty@245
Sell BN 28200 PE 200 Qty@188
Sell BN 27700 PE 200 Qty@ 48

Debit = 1800

Closed the whole position at break-even. Not comfortable holding it seeing the volatility in BN.

BN 28300 PE 200 Qty@469
BN 28200 PE 200 Qty@375
BN 27700 PE 200 Qty@ 80

If you had kept on shifting your 3rd leg yesterday, the position would have given a good profit yesterday and today as well. Though market is sliding the short strangle is also giving profit just because it is giving time to shift accordingly.

 

[amrutham]

If you had kept on shifting your 3rd leg yesterday, the position would have given a good profit yesterday and today as well. Though market is sliding the short strangle is also giving profit just because it is giving time to shift accordingly.

Yeah. I should have moved it down yesterday. I didn't expect 27700- 27800 to be broken very easily.

 

[arunkarthik]

amrutham sir lower protection for this position is 27627 . how to adjust if lower 27627 breaks ?

One way to adjust this position is to move the 27700 PE to either 27400 or 27300. Any way I have closed this position.

Pardon if my question is too naive.

In case if we move from 27700, we would obviously be booking loss in that and then buy the 27400 which would be quoting around the earlier price of 27700. What I’m case if the market reverses after we make this adjustment? Wouldn’t we end up in loss?

Or should we increase the no of 27400 when making this shift?



Cheers
AK

 

[mycall]

Pardon if my question is too naive.

In case if we move from 27700, we would obviously be booking loss in that and then buy the 27400 which would be quoting around the earlier price of 27700. What I’m case if the market reverses after we make this adjustment? Wouldn’t we end up in loss?

Or should we increase the no of 27400 when making this shift?



Cheers
AK

Dear friends... in my view... adjustments based on different conditions should... rather must... be thought/planned before entering the original position... that way one can avoid getting into dilemma or confusion which is very very harmful in option trading... only lucky people get away with confused mind

 

[SarangSood]

Pardon if my question is too naive.

In case if we move from 27700, we would obviously be booking loss in that and then buy the 27400 which would be quoting around the earlier price of 27700. What I’m case if the market reverses after we make this adjustment? Wouldn’t we end up in loss?

Or should we increase the no of 27400 when making this shift?



Cheers
AK

Dear friends... in my view... adjustments based on different conditions should... rather must... be thought/planned before entering the original position... that way one can avoid getting into dilemma or confusion which is very very harmful in option trading... only lucky people get away with confused mind

That luck would soon runout though and would lead to even greater losses. Personally i think delta management is one of the most efficient and objective ways to adjust position which gives you a clear mind. Other is taking a view of the market but the cons of it are that it is subjective and therefore speculative.