You will need a feed for live values. Otherwise manual will also do.
View attachment OptionTradingWorkbook.xls
Options strat Trading diary -
- Thread starter kingkrunal
- Start date
Closed infy at 14k. Profit
Stared IOC with the same logic and make mess of it... Instead of buy a call sold that and today I realized when trying to adjust the 135 call .. after the bull run it had..
Damn IOC...closed out half and rest on Monday .. lesson learned.. very costly one
Stared IOC with the same logic and make mess of it... Instead of buy a call sold that and today I realized when trying to adjust the 135 call .. after the bull run it had..
Damn IOC...closed out half and rest on Monday .. lesson learned.. very costly one
I think there should be a stop loss somewhere in the strategy.. @Loss_Lover what you would have done in this kind of trade.. please guide
when the position was opened, it was below 50 dma,.. but in last 4 session yesterday it went above 50 dma..
ioc do not have history of moving 10% in a month.. as far as i know..
Please read my previous posts on this with an open, calm, clear mind, I have tried my best, explaining all that I do. BTW you cannot put stop-loss on synthetic option strategies - that will be a live invitation for a disaster because Option prices can move drastically on any direction on slightest of Volatility upbeat - there is no way to measure or forecast it beforehand. So, as a protection on synthetic option strategies, "adjustments" are made which I have already explained in details. Touch wood, I am using this options strategy for past 21 months - not a single loss and 68% up on total capital.
Are you kidding??? Check Oct'18 (not even six months back) - it fell about 25% in 2 days and recovered most of it by month's end - that makes this stock very volatile. We want to target down-trending stocks but not the volatile ones. I have also shared a list of shares which I trade cyclically and it works like a charm.
Greed will always make your position suffer in the long run. There is no room for emotion in this. Only calm, composed well thought pre-planned, clean execution will help your capital grow - nothing else! Idea is to enjoy time decay as expiry approaches by selling strong resistances. In case of IOC, you have violated many rules of this technique.
As Option writers we cannot push the far OTM every time a stock makes a low. If we do that, then the market will easily trap us - we do not want to get trapped, so, we need to always account the fact that the Stock can always bounce back to claim the previous resistance at any given point of time. The motive to increase profitability can successfully be achieved when stock price falls significantly, i.e. in terms of Price action makes a new Swing Lower High.
If this happens:
Then please do not do these immediately:
or
because stock has just corrected and trying to find a support, we cannot know beforehand that where a support will be bought and where the next resistance will be. Primarily, our goal is to avoid this:
Do you get my point? Had you stayed on the previous far OTM instead of moving downward immediately, you could have now easily moved upward to the very next strike or where the next highest OTM Call OI exists (with less multiple of lots). Like this:
OR
Monitoring a position in order to safeguard or enhance is one type of mindset but doing "kirkiri" everyday out of emotional euphoria or despair is unacceptable. In case of IOC, you have not mentioned the dates on which you have made the adjustments so as to see what compelled (in terms of price action and moving averages) to deviate from the rules (BTW are you maintaining a spreadsheet registering all your trade dates, net credit/debit, etc...????). My assumption on your IOC mess is that in the desire to increase profits, you dug a pit for this position. You need to have a strong rationale behind taking or adjusting a position.
Also never adjust the initially taken Just ITM / Just OTM Call option pair - it is the heart line which will protect your position in all circumstances.
Hope this helps !!!
Are you kidding??? Check Oct'18 (not even six months back) - it fell about 25% in 2 days and recovered most of it by month's end - that makes this stock very volatile. We want to target down-trending stocks but not the volatile ones. I have also shared a list of shares which I trade cyclically and it works like a charm.
Greed will always make your position suffer in the long run. There is no room for emotion in this. Only calm, composed well thought pre-planned, clean execution will help your capital grow - nothing else! Idea is to enjoy time decay as expiry approaches by selling strong resistances. In case of IOC, you have violated many rules of this technique.
As Option writers we cannot push the far OTM every time a stock makes a low. If we do that, then the market will easily trap us - we do not want to get trapped, so, we need to always account the fact that the Stock can always bounce back to claim the previous resistance at any given point of time. The motive to increase profitability can successfully be achieved when stock price falls significantly, i.e. in terms of Price action makes a new Swing Lower High.
If this happens:
Then please do not do these immediately:
because stock has just corrected and trying to find a support, we cannot know beforehand that where a support will be bought and where the next resistance will be. Primarily, our goal is to avoid this:
Do you get my point? Had you stayed on the previous far OTM instead of moving downward immediately, you could have now easily moved upward to the very next strike or where the next highest OTM Call OI exists (with less multiple of lots). Like this:
OR
Monitoring a position in order to safeguard or enhance is one type of mindset but doing "kirkiri" everyday out of emotional euphoria or despair is unacceptable. In case of IOC, you have not mentioned the dates on which you have made the adjustments so as to see what compelled (in terms of price action and moving averages) to deviate from the rules (BTW are you maintaining a spreadsheet registering all your trade dates, net credit/debit, etc...????). My assumption on your IOC mess is that in the desire to increase profits, you dug a pit for this position. You need to have a strong rationale behind taking or adjusting a position.
Also never adjust the initially taken Just ITM / Just OTM Call option pair - it is the heart line which will protect your position in all circumstances.
Hope this helps !!!
Attachments
Last edited:
Similar threads
-
I have an interesting options trading strategy.
- Started by nan574688
- Replies: 7
-
-
-
Testing Strategy for Breakout Trading through Future and Options
- Started by rajputz
- Replies: 35
-