Bank Nifty Options

sridhga

Well-Known Member
#1
Hi,

I am going to post my Bank Nifty Options trades here. I trade weekly options Thursday to Thursday. I look at my P&L every once a week. So far, I am not doing great. But let me put my records up here.
 

sridhga

Well-Known Member
#2
Today, I took a long straddle and a long strangle
I plan to roll up and down these and book losses through out the week.

Long Straddle:
Product--------Instrument-----------------------Qty.--------Avg.
NRML--------BANKNIFTY1970431300CE--------20--------260.45
NRML--------BANKNIFTY1970431300PE--------20--------250.00


Long Strangle:
Product--------Instrument-----------------------Qty.--------Avg.
NRML--------BANKNIFTY1970431200PE--------20--------196.00
NRML--------BANKNIFTY1970431600CE--------20--------161.75
 
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sridhga

Well-Known Member
#3
Action------Product--------Instrument-----------------------Qty.--------Avg.
Sold--------NRML--------BANKNIFTY1970431600CE--------20--------121.55
Booked loss 804 + charges 65.
Action------Product--------Instrument-----------------------Qty.--------Avg.
Sold--------NRML--------BANKNIFTY1970431300CE--------20--------228.15
Booked loss 646 + charges 65.

Action------Product--------Instrument-----------------------Qty.--------Avg.
Sold--------NRML--------BANKNIFTY1970431300PE--------20--------305.20
Profit 1104 -charges 65
Action------Product--------Instrument-----------------------Qty.--------Avg.
Sold--------NRML--------BANKNIFTY1970431200PE--------20--------199.00
Profit 60 -charges 65


Action---------Product--------Instrument-----------------------Qty.--------Avg.
Bought--------NRML--------BANKNIFTY1970430900CE--------20--------471.85
Bought--------NRML--------BANKNIFTY1970430900CE--------20--------455.50
Bought--------NRML--------BANKNIFTY1970430900CE--------20--------407.90
Bought--------NRML--------BANKNIFTY1970430900CE--------20--------398.00


Action---------Product--------Instrument-----------------------Qty.--------Avg.
Bought--------NRML--------BANKNIFTY1970430900PE--------20--------134.85
Bought--------NRML--------BANKNIFTY1970430900PE--------20--------131.80
Bought--------NRML--------BANKNIFTY1970430900PE--------20--------127.25
Bought--------NRML--------BANKNIFTY1970430900PE--------20--------121.80



Total Loss booked so far: Rs. 546

Today's loss was because one of the puts was sold at wrong time. Otherwise it could have been a net Rs. 500 profit.

On weekly charts BNF shows uptrend. But on Daily charts, it shows downtrend.
I still believe it is going up by Thursday.

I needed the above puts to protect ITM calls. That makes this expensive. Trump-Xi meet could be positive. There could be a run up to the budget as well. So the upward trend may continue.
If Trump smokes weed and types something crazy on twitter over the weekend, then, markets can go haywire. That is the reason why I had to buy puts.

Europe in green.
US Futures in green. But come Monday, people forget what happened in the previous week.
Only worry should be Weekend hangover from Trump.
 
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sridhga

Well-Known Member
#4
Exited:
Action---------Product--------Instrument-----------------------Qty.--------Avg.
Sold-----------NRML--------BANKNIFTY1970430900PE--------40--------89.85
Sold-----------NRML--------BANKNIFTY1970430900PE--------40--------61.55
Loss booked: 4258 + charges 260

Action---------Product--------Instrument-----------------------Qty.--------Avg.
Sold--------NRML--------BANKNIFTY1970430900CE--------40--------476.35
Profit 1721 - Charges 130

Loss booked for this series so far: Rs. 3473

Action---------Product--------Instrument-----------------------Qty.--------Avg.
Bought--------NRML--------BANKNIFTY1970431200PE--------40--------147.28


Action---------Product--------Instrument-----------------------Qty.--------Avg.
Sold-----------NRML--------BANKNIFTY1970431200PE--------40---------98.40
Bought--------NRML--------BANKNIFTY1970431400PE--------40--------170.45

Again loss booked on 31200 PE: 1955 + Chgs 130


Total loss booked for this series so far: Rs. 5558


I expect the markets to go up tomorrow as well. I may have to book loss even on 31400 PE. I expect BNF to close atleast above 31200 by Thursday
 
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sridhga

Well-Known Member
#5
Action---------Product--------Instrument-----------------------Qty.--------Avg.
Sold--------NRML--------BANKNIFTY1970431400PE--------40--------238.78
Profit 2733 - Charges 130

Action---------Product--------Instrument-----------------------Qty.--------Avg.
Bought--------NRML--------BANKNIFTY1970431100CE--------20--------285



Total loss booked for this series so far: Rs. 3955

My guess on markets going up as mentioned yesterday proved to be wrong.
 
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