My Bank Nifty Options trading diary

[pannet1]

with the 3 open 19000CE. buy orders i was very much worried. what i forgot is that there is a trading day still left (today) in between Monday and Thursday. can't believe how stupid i am.

thanks to the bullish nature of the market. first time market had shown mercy. i came out with a 10 point profit x 40 qty, first thing today morning.

:rofl:

 

[Happy_Singh]

with the 3 open 19000CE. buy orders i was very much worried. what i forgot is that there is a trading day still left (today) in between Monday and Thursday. can't believe how stupid i am.

thanks to the bullish nature of the market. first time market had shown mercy. i came out with a 10 point profit x 40 qty, first thing today morning.

:rofl:

Yep was wondering why Monday

Even if were getting married today (so kinddoff having a busy day) you can always call n trade to square off

Happy

 

[pannet1]

Yep was wondering why Monday

Even if were getting married today (so kinddoff having a busy day) you can always call n trade to square off

Happy

:rofl:

edit: that was 3 lots so qty is 120. so it should 30 points in total.

 

[pannet1]

15th July 2016

Greed Greed Greed :clap:

Once i had the taste in entering diagonals in this very bullish times of Bank Nifty, I could not stop it.

I immediately entered into the following spread. The spread came to about 1000 rupees profit on the same day post lunch session. Amount shown is the present value of the spread. Today when the underlying was about to touch 19200, spread increase to a whooping rs. 3750. thats nearly 4% in 2 days. WTF man.

BANKNIFTY21JUL1619200CE
-40
51.95
40.55
+456.00

BANKNIFTY16AUG19000CE
+40
420.05
446.75
+1068.00

next plan: the current week sell leg had turned into profit. this is the right time to enter into another Short leg on the next week (or Jul monthly) Options.

 

[pannet1]

Today's trade
Squared off BANKNIFTY16JUL19200CE and again repurchased. Net Credit was 800 Rs.
Squared off BANKNIFTY16JUL19300CE for break even.
Sold BANKNIFTY16JUL19200CE at Rs. 95 / Qty.

Present Position:
BANKNIFTY16JUL19200CE
QTY: -40
AVG: 95.00
LTP: 35.00
+2400.00

BANKNIFTY16AUG19000CE
QTY: +40
AVG: 430.05
LTP: 324.00
-3042.00

Now I am loosing on long term Aug. Lets see how I am able to manage the losses by selling additional legs.

Weekly view:

We have a monthly support at 18546. Trend will become bearish if price breaks below. Then we should start looking at bearish engulfs on H1 time frames after that.

 

[pannet1]

I am back with a bang. After 5+ years of losing in financial market seems finally I found my holy grail.

BANKNIFTY02FEB1719400PE	-40	160.5
BANKNIFTY17FEB19500PE	40	384.8

I am going to record this Feb 2017 Month's Options Play for readers. This will involve adjustments. We are not taking about it trade and forget it kind of strategy here.

PS: Adjustments means profit:rofl:

 

[KWR]

All the best sir

Sent from my SM-J700F using Tapatalk

 

[xitija]

Best Luck Sir,I will be asking many queries Sir.

 

[pannet1]

Best Luck Sir,I will be asking many queries Sir.

Hi xitija,

Thank you. I will be glad to reply. But I remind you I am not an expert. But I know what I am doing.

You are senior to me in the market. We have many things to learn from you too. God bless.

 

[pannet1]

I am back with a bang. After 5+ years of losing in financial market seems finally I found my holy grail.

BANKNIFTY02FEB1719400PE	-40	160.5
BANKNIFTY17FEB19500PE	40	384.8

I am going to record this Feb 2017 Month's Options Play for readers. This will involve adjustments. We are not taking about it trade and forget it kind of strategy here.

PS: Adjustments means profit:rofl:

The sell side is showing profit. So I tried to double up that side. But market continue to take my SL out. Hence got so far Rs 1500. Still trying to make the unrealised profit to green.

Instrument		Qty.	price	P&L
BANKNIFTY02FEB1719600PE	-40	182	-586
BANKNIFTY17FEB19500PE	40	384.8	-3316
BANKNIFTY02FEB1719400PE	0	0	940
BANKNIFTY02FEB1719500PE	0	0	560
			
					-2402