tomorrow's budget Strategy

first time i trade in option

I've bought 8700 put (125) and 8900 call (170)

tomorrow's budget

what happens during budget

I am shorting 8900 Call, budget will be good but we may not cross 9000..

Also there will be good profit booking after budget announced, so be careful! Premiums would be digested pretty fast!

if we are sat in front of you, we will see all emotions of budget in your face. previously i faced my self like this in last budget (holded both ce & pe, both went down). so for being not anxiety, i ruled for my trades that--stay away these heavy volataility days.

so i will sat relax and enjoy that big comedy & horror show. (i will not trade tomorrow).

pls play safely cause of heavy volataility there. there will be chances of both go down.

happy trading.

Premium looks very high,so oscillation will be 230 points both sides,you should be cautious to book profit in the right point one by one.

You can't expect to book in one place (both at a time) will generate profit..

This is my view...let us see...what market says.

Both will go down at the end of the day.

Try to close it at opening itself.

tomorrow is for big people. not for retail traders.

During Budget Session Strategy only thrills , I also like thrills so bought 8700 put @ 115 let cc thrills kills or not :lol:

Avoid Budget day or take Short Condor...

loss Rs. 2500................................