Loss around 20k....was in loss of 10k in the mrng...and back to profit of 4k by 2:30. I should have stopped at this point of time.... Thought Market can go down by seeing Dow futures. shorted call(high premium) and put(less premium).
Lessons learnt: Stop when we reach the daily profit...
6th trading day ended with good profit..
Morning started with short strangles and went into loss because of BANKNIFTY movement.
Immediately after sl hit taken out otherside position also and initiated debit spread by buying 24800ce and selling 25000ce
Hi sachin..sorry for delay.just going through all messages..
My trades are mainly short straddles..short strangles..
Depend on the strong moves I will try spreads and very few times long straddles strangles.
These are the only thing.and all are intraday
Overall closed with minor profit. At one point of time sitting with around 12k. But taken long strangle expecting some movement (ofcourse like lottery) .
While taking positions one by one only lost 3k.
No movement happened and closed with 5k profit . May be after brokerages and taxes may be 2k...
Let me keep it in my way..haha..
Say if u sell pe for 100 u dont know the max risk.
If u sell both ce and pe each with 100rs. Then ur risk can be reduced to some extent as we have 100 on other side.
But frankly speaking faced difficulties in last month and this month handing strangles and...
Volatility at peaks....Taken short strangles 3-4 times... Everytime one side hit SL , when try to exit the position on the other side, premiums went up... Loss...Taken long strangle of Nov 5th expiry ..it covered entire loss and position in neutral.
Taken short strangle at 2:15 for this...