My Bank Nifty Options trading diary

#71
I am the dumbest of many here. If it works for me it should work for anyone.

You are welcome

What you see in me now is a collection of many people's knowledge. If I could turn someone's life and make their account green nothing like it.
Thanks Brother.:clapping:

PS: You are far from dumb. You are seeing success and part of the elite 5% crowd. Don't sell yourself short.;)
 

pannet1

Well-Known Member
#72
Thanks Brother.:clapping:

PS: You are far from dumb. You are seeing success and part of the elite 5% crowd. Don't sell yourself short.;)
Thanks Ts.

Two months is green. When I was confident that this is going to work out, I entered Z 60 day challenge on 9th of Nov. So if I survive one more month till 2nd of Mar to be precise, then I can afford to say, I am heading towards success.

Till then just need to Shut up.
 

TraderRavi

low risk profile
#73
I do not have any work presently. My spouse is going to work. We have a toddler whom i have to baby sit after he returns from kinder garden. I could some how get a job but i don't think i can get a job out of the city in a specific working hours.
how is your experience at babysitting , you are enjoying it , dont you .
 

pannet1

Well-Known Member
#74
how is your experience at babysitting , you are enjoying it , dont you .
Baby sitting means Baby is there and I am sitting. Thats all. Sometimes he just plays on his own. If its so quite it means he is doing some mischief in the other room when I am glued to the monitor.

The horrible chore is feeding him food. He is 4+ years old but does not want to eat himself. He eats very slowly and I am impatient :mad:
 

pannet1

Well-Known Member
#75
Yesterday, I tried to take a breakout on the buy side and lost 10 points instantaneously because SL was hit.

Essentially I was buying the same contract and hence my Avg price just increased that much.

:D

Today, in the noon during the budget speech my Sell side was loosing value fast and was about 20. I also tried to put another Sell order as MIS but it got rejected due to insufficient margin. So I have to close the 2nd Feb SELL and roll to Feb Month Expiry Put on the same strike. This way I could avoid further loss on the premium of the monthly Buy.

Current position

Code:
Instrument	 Qty	Avg. 	P&L

17FEB19600PE	-40	175.2	648
17FEB19500PE	+40	409.4	-10800
02FEB1719600PE	000	0	6526
 
#76
We need to become very aggressive if either of the contracts move into profit and we need to add to the winning side. When adding to the winning side we need to add same type of contract for that side i.e Sell Weekly or Buy Monthly. Thus we should try to make the total equation positive.


Hi, I have a doubt. Let's say your SHORT weekly position starts giving you profit. So, you SHORT one more lot of same expiry and same strike price, right?

That's it? Or you add to losing side also at the same time?

Also, when do you exit from the added lot? Trailing stop loss?


Sent from my iPhone using Tapatalk
 

pannet1

Well-Known Member
#77
Hi, I have a doubt. Let's say your SHORT weekly position starts giving you profit. So, you SHORT one more lot of same expiry and same strike price, right?

That's it? Or you add to losing side also at the same time?

Also, when do you exit from the added lot? Trailing stop loss?


Sent from my iPhone using Tapatalk
typically in a fast move like today. after sometime the premium does not get reduced like it needs to be. due to this the gain from the weekly option becomes lesser than the loss from the monthly option.

as a thumb rule we never increase the spread to more than 100 points. so we would need more premiums to catch up with monthly premium. till i am in an advantageous position to short another weekly, i will short the monthly itself.

during day, we can add up to the winning side, including the short side. so we could add another short on the same strike as MIS. today the premium was very low so there is no point in shorting another contract on the same price.
 

pannet1

Well-Known Member
#78
3rd Feb 2017

Yesterday, I have cover the monthly PUT sold for a profit of 1406, The difference between overall profit taken so far and the unrealized loss is about 3000 rupees. If I kept the Bull put spread like that, held on till expiry and if the underlying closed above 19600, then I would make a loss of about 2500 I guess. Besides, that looks very boring because I need to wait for Sold options to come into profit and then make a directional bet on it. EOD i took very risky bet of adding sold put of 19900 Feb 09 Weekly to the equation.

So I made lot of adjustments today. End of the day I have following.

Code:
Instrument	 Qty.	price	P&L
17FEB19900PE	-40	172.1	296
09FEB1719800PE	+40	72	-1188
09FEB1719900PE	00	0	640
09FEB1720100PE	00	0	360
17FEB19500PE	00	0	-12880
			
				-12772

The net profit so far is about -3000 and I have a months time to play come out with a small profit.
 

pannet1

Well-Known Member
#79
Today was good one. Took about Rs 1800 from the Market to Bank. Just need another Rs 1200 for the Breakeven and we have almost a whole month ahead.

Code:
Instrument	Qty.	 price	P&L
 09FEB1720300PE	-40	105	-574
 17FEB20200PE	+40	205.75	-158
 09FEB1719800PE	00	00	-2320
 09FEB1720400PE	00	00	1012
 17FEB19900PE	00	00	2444
 17FEB20300PE	00	00	800
			
				1204
 
Last edited:

pannet1

Well-Known Member
#80
Took Rs. 400+ home on the Long Monthly side.

Code:
Instrument	Qty.	Avg.	LTP	P&L
 09FEB1720300PE	-40.00	105.00	125.75	-830.00
 17FEB20300PE	+40.00	260.05	246.55	-540.00
 17FEB20200PE	000.00	000.00	206.90	+490.00
				
					-830.00
Just 500 odd rupees for breakeven this month. :)
 

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