Hello Pannet1,
I read your thread, and you have very good knowledge. I did not understand fully what is being discussed here, however could figure out you guys are wise men.
Hello Pannet1,
I read your thread, and you have very good knowledge. I did not understand fully what is being discussed here, however could figure out you guys are wise men.
i do not deserve that complement. if a person is wise or not does not matter. what matters is the bottom line. the key is find one successful mentor and follow. in fact, all professions are same in the sense that you need a mentor to jump start.
next month bank nifty option represents 40 quantities instead of 30 quantities. this means more margin, more profit and more loss. what do you think of this.
Got around 500 rs. loss while closing the iron butterfly today at expiry. This would have been in a profit had i closed the trade two days earlier.
Another advantage would have been my margin would have released for Jul 2016, 19000CE / 17000CE short strangle. As a result the net premium got reduced to about Rs. 50 which is bad for my selling.
nothing is satisfying than seeing a trade in green. trust me i have not seen this in many years. though i am pretty new to options, i do have some experience in currency and commodity.
i am pretty confident that i will have at least a small profit this month. this is the short strangle entry i was talking about.