Directional credit spread

[lokanathpai]

POSITION ON 19/01/18
JAN10400PUT BUY 2625 3.60 -9450.00
JAN10300PUT SELL 2625 2.60 6825.00
-2625.00
INCOME RETENTION 64397.25
I CLOSED THIS POSITION
CAPITAL 2428730
ADD: RETAINED PROFIT 64397.25
NEW CAPITAL 2493127

 

[lokanathpai]

THIS STRATEGY HAS BECOME STATIC.
NO CHANGES SINCE MANY DAYS.

 

[lokanathpai]

CAPITAL 2493127
RISK AMOUNT 10% 249313
INVESTIBLE AMOUNT 2243814

AS NIFTY DID NOT BREACH 10400 UPTREND IS MAINTAINED
MAX OPEN INT FOR FEB SERIES FOR PUT IS FOR STRIKE 10500
PUT 10500 55.85 A
HEDGE 10400 41.05 B
INCOMEA-B) 14.80
MAX LOSS (100-INCOME) 85.20

TRADEABLE POSITIONS LOTS(RISK AMT/MAX LOSS) 39 LOTS

TRADE ON 19/01/2018
FEB10500PUT SELL 2925 55.85 163361.25
FEB10400PUT BUY 2925 41.05 -120071.25
MAXPROFIT 43290.00

 

[lokanathpai]

RESULTS OF THIS STRATEGY

INITIAL CAPITAL 1870175.00
AUG PROFIT 333319
SEP PROFIT 45225.00
OCT LOSS -19676.00
OCT PROFIT 78150.00
NOV PROFIT 52368.00
DEC LOSS -44100.00
DEC PROFIT 69169.00
JAN PROFIT 64397.00
CUMULATIVE PROFIT 578852.00

 

[lokanathpai]

ONCE I REACH A CONSISTENT INCOME OF RS 1 LAKH PER MONTH I WILL START WITHDRAWING FOR MY LIVING.

 

[lokanathpai]

POSITION AS ON 25/01/18
FEB10500PUT BUY 2925 49.80 -145665.00
FEB10400PUT SELL 2925 36.65 107201.25
-38463.75
INCOME RETENTION 4826.25

 

[lokanathpai]

POSITION AS ON 02/02/18
FEB10500PUT BUY 2925 67.40 -197145.00
FEB10400PUT SELL 2925 49.25 144056.25
-53088.75
INCOME RETENTION -9798.75

 

[lokanathpai]

POSITION AS ON 09/02/18
FEB10500PUT BUY 2925 153.00 -447525.00
FEB10400PUT SELL 2925 116.20 339885.00
-107640.00
INCOME RETENTION -64350.00

 

[lokanathpai]

POSITION AS ON 21/02/18
FEB10500PUT BUY 2925 108.00 -315900.00
FEB10400PUT SELL 2925 38.00 111150.00
-204750.00
INCOME RETENTION -161460.00

I closed this position. I will create New position on Friday.
Nifty closed below 10500, seems uptrend has ended.
I incurred loss.
I expect Nifty continue in a range, before, it goes into a down trend.
In ranging market Ironcondor is suitable.
But I want to test this strategy, considering Nifty as in downtrend, and now selling Calls

Initial capital 2493127.25
Minus:Loss -161460.00
Net capital 2331667.25

 

[lokanathpai]