My Observation: Abt Myself

[chintan786]

TSL moved to 341.

TSL hit.. had moved to 339... Done for the day.. No more trade.

 

[chintan786]

26-May
Context - Sideways.
22nd May short covering may get some legs but Ain't think we can sustain abv. 9170 for long.
Also for me 8940 Low of 22nd is Mechanical and may get visited.
Nifty closing below 9100 on 10-min chart is Short trigger point with day high as SL.

 

[chintan786]

NF Short triggered.

 

[chintan786]

Bought 9000 PE @ 50-51-- SL 10-Min close abv. 9172. Target 9000 -- 8940

 

[chintan786]

Covered 1/3rd @ 57.5

 

[chintan786]

Booked More @ 67.xx

 

[chintan786]

Rest put on TSL @ 58.. done for the day.

 

[chintan786]

NF 9020-9015--- One Should not enter any short here.

 

[chintan786]

Rest put on TSL @ 58.. done for the day.

Closed @ 60.

 

[chintan786]

Just was analyzing and realized which was the real winner today:
-- Even after doing everything as per context I was bit disappointed the way option closed.
Because I bought ATM PE .
Instead I could had Bought 9100 PE ---ITM PE-- Entery at Around 86-90-- this made High of 163
OR
For conservative Trader -- Short 9200 CE @ 46-47 --- this might not had given me awesome money but
as it closed @ 28 given me "PEACE of MIND".
From here on will remember this. Buying Option when ViX below 40-45 will not yield much. at least ATM/OTM will not yield much.