Escape's Options Trading Diary - Phase 2

[escape]

Did you keep averaging and later book loss ?? In the last days of the series the options lose premiums very fast, so averaging fails often. If you are going by averaging strategy then in the last week trade the next month's options.

Dear Timepass,

It was two independent trade, bought when NIFTY SPOT was near 6035, under assumption NIFTY might fill today's opening gap at least once.

Happy Trading.

Regards,
Escape

 

[DanPickUp]

Did you keep averaging and later book loss ?? In the last days of the series the options lose premiums very fast, so averaging fails often. If you are going by averaging strategy then in the last week trade the next month's options.

It surely also depends a bit on the given volatility in the market. High vola = Shorter time frame and lower vola = Surely next month series if some body wants to averaging.

Any way: I do not recommend averaging. But that is personal choice and depends on each specific situation.

Take care and good trading / DanPickUp

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
None


Naked Positions Holding Overnight:
NIFTY 29Aug13 PE 5700 (B) 2000 @ 36.50, LTP 39.75
NIFTY 29Aug13 PE 5800 (B) 5000 @ 48.20, LTP 63.55


Strategy Based Trade - July Series: Closed
NIFTY 25Jul2013 CE 5500 (S) 300 @ 372.70, LTP 452.00

Current Realized Return on Strategy Trades: -23,790.00
Current Unrealized Return On Strategy Trades:


Strategy Based Trade - August Series: Open
NIFTY 29Aug2013 CE 5700 (S) 200 @ 301.35, LTP 276.85
TBD

Current Realized Return on Strategy Trades: -
Current Unrealized Return On Strategy Trades: +4,900


Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, Closed July Series in loss. August series strategy leg open today.

On Naked Positions Holding positions, no change today.

On Intraday (Naked) trade, none.

Overall, July series ended in loss, because of holding PUT for long duration. I have updated my rules. Let's see how long I can follow it.

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
None


Naked Positions Holding Overnight:
NIFTY 29Aug13 PE 5700 (B) 2000 @ 36.50, LTP 42.65
NIFTY 29Aug13 PE 5800 (B) 5000 @ 48.20, LTP 67.30


Strategy Based Trade - August Series: Open
NIFTY 29Aug2013 CE 5700 (S) 200 @ 301.35, LTP 264.00
TBD

Current Realized Return on Strategy Trades: -
Current Unrealized Return On Strategy Trades: +7,470.00


Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, no change today.

On Naked Positions Holding positions, no change today.

On Intraday (Naked) trade, none.

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
None


Naked Positions Holding Overnight:
NIFTY 29Aug13 PE 5700 (B) 2000 @ 36.50, LTP 55.30
NIFTY 29Aug13 PE 5800 (B) 5000 @ 48.20, (S) 5000 @ 87.00, P/L Points 38.8


Strategy Based Trade - August Series: Open
NIFTY 29Aug2013 CE 5700 (S) 200 @ 301.35, LTP 228.20
TBD

Current Realized Return on Strategy Trades: -
Current Unrealized Return On Strategy Trades: +14,630


Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, no change today.

On Naked Positions Holding positions, Squared-off NIFTY 29Aug13 PE 5800 today with decent profit. Recovered some part of last month's loss.

On Intraday (Naked) trade, none.

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
NIFTY 29Aug13 PE 5600 (B) 7100 @ 39.91, (S) 7100 @ 36.04, P/L -27,477


Naked Positions Holding Overnight:
NIFTY 29Aug13 PE 5700 (B) 2000 @ 36.50, (S) 2000 @ 73.00, P/L +73,000
NIFTY 29Aug13 PE 5600 (B) 7900 @ 39.91, LTP 44.85


Strategy Based Trade - August Series: Open
NIFTY 29Aug2013 CE 5700 (S) 200 @ 301.35, LTP 172.30
TBD

Current Realized Return on Strategy Trades: -
Current Unrealized Return On Strategy Trades: +25,810


Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, no change today.

On Naked Positions Holding overnight trade, Squared-off NIFTY 29Aug13 PE 5700 and added NIFTY 29Aug13 PE 5600 today.

On Intraday (Naked) trade, traded NIFTY 29Aug13 PE 5600.

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
None

Naked Positions Holding Overnight:
NIFTY 29Aug13 PE 5600 (B) 7900 @ 39.91, (S) 7900 @ 54.14, P/L +1,12,417
NIFTY 29Aug13 PE 5600 (B) 4000 @ 68.00, LTP 53.50


Strategy Based Trade - August Series: Open
NIFTY 29Aug2013 CE 5700 (S) 200 @ 301.35, (B) 200 @ 160, P/L +28,270
TBD

Current Realized Return on Strategy Trades: +28,270
Current Unrealized Return On Strategy Trades: None


Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, Squared-off NIFTY 29Aug2013 CE 5700. Tonight being big event (FOMC statement), I booked profit.

On Naked Positions Holding overnight trade, Squared-off NIFTY 29Aug13 PE 5600 today. But did mistake instead of Selling, I Bought 4K and didn't realized during market hour. This may give big loss or big award based on out come of FOMC Statement.

On Intraday (Naked) trade, no trade today.

 

[escape]

It is roller-coaster day with fast moves.

 

[Tlahuicole]

Escape,

Even though your diary looks like greek and latin to me as I don't have any knowledge on options, it is great that you maintaining your diary, going to be a year in a month I guess. Keep up the work buddy:clapping:

 

[escape]

Here is log as of last trading session.

Intraday (Naked) trade:
NIFTY 29Aug13 CE 6000 (B) 10000 @ 29.25, (S) 10000 @ 31.50, P/L +22,500
NIFTY 29Aug13 PE 5500 (B) 12000 @ 34.43, (S) 12000 @ 37.29, P/L +34,320


Naked Positions Holding Overnight:
NIFTY 29Aug13 PE 5600 (B) 4000 @ 68.00, (S) 4000 @ 50.00, P/L -72,000


Strategy Based Trade - August Series: Open
TBD
TBD

Current Realized Return on Strategy Trades: +28,270
Current Unrealized Return On Strategy Trades: None


Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, No positions.

On Naked Positions Holding overnight trade, Squared-off NIFTY 29Aug13 PE 5600 in loss.

On Intraday (Naked) trade, traded NIFTY 29Aug13 CE 6000 and NIFTY 29Aug13 PE 5500.

Overall ended day in loss, with no positions currently open. I have recovered loss of last series completely.