actually i had a view. earlier the option chain did show some activity at 23500. indicating a possible upmove but i was too apprehensive to take a position then. ( for that matter even now.) my feeling is today will be used to eat up as much of stops as possible, so i plan to sit today out. probably look at commodities after 3pm
After a long time sold PE... but it immediately went into loss... waited for a while as time would drop the value.. after 30 minutes .. made a small profit which can buy me a biryani today.
Needless to say it was not a hedged position but small quantity due to margin requirements. After a long time, got that uneasy feeling thinking about the unlimited loss possibility.
Also, another problem was, since I sold PE, every time I had to think opposite of opposite.. since selling PE means I'm bullish.
It is so much easier to buy CE or PE depending on whether you are bullish/bearish.
After a long time sold PE... but it immediately went into loss... waited for a while as time would drop the value.. after 30 minutes .. made a small profit which can buy me a biryani today. View attachment 44091
Needless to say it was not a hedged position but small quantity due to margin requirements. After a long time, got that uneasy feeling thinking about the unlimited loss possibility.
frustrating part is i had bought 11500 pe at 78 wanting to carry over, but lost courage last minute and covered at 97. today morning i am watching the prices with a very heavy heart. trying to console myself saying what if the prices had gone up. etc etc. it doesnt work ,.
guess being human is painful