Trading for Living -- Successfully Completed one year as Full Time Trader

[amrutham]

The following is the expiry day trade taken when BN @24500

Long 600 Qty 24600PE@125
Short 1200 Qty 24500PE@67
Long 600 Qty 24400@31

Total Debit: (125+31)-134 = 22*600 = 13200

Max loss: 13200
Max profit @24500 = around 47000

 

[amrutham]

Closed 24600CE 640 Qty @ 15
Closed 24700CE 1280 Qty@ 4

Long 24800CE is trading at 1.5 and will let it expire.

All puts are still open

Closed all puts

Close Long 24700 PE -200 Qty @ 140
Close Short 24500 -600 Qty @ 18
Close Long 24400 - 400 Qty @ 2

Total credit = 18000
Net profit on both calls and puts = 18000 + 4600 - 10000 = 12600

 

[amrutham]

The following is the expiry day trade taken when BN @24500

Long 600 Qty 24600PE@125
Short 1200 Qty 24500PE@67
Long 600 Qty 24400@31

Total Debit: (125+31)-134 = 22*600 = 13200

Max loss: 13200
Max profit @24500 = around 47000

Closed all postions

Long 600 Qty 24600PE@48
Short 1200 Qty 24500PE@9
Long 600 Qty 24400@2

Total credit = 32*600
Net profit = 6000

 

[amrutham]

Below is the new trade.

CMP : around 24400

Short BN 24500 CE 200 Qty @41

Total credit received : 8200

Will close it if BN crosses 24550. Else, let it expire.

Took loss and closed the position at around 60.

Total loss = 3800

 

[amrutham]

New trades opened for Apr12 expiry.


Short 24200 PE 200 Qty@51
Short 25200 CE 200 Qty@51

Long 24500 PE 600 Qty @130
Short 24400 PE 600 Qty @104
Short 24000 PE 600 Qty @42

Total credit around 30000

 

[timepass]

New trades opened for Apr12 expiry.


Short 24200 PE 200 Qty@51
Short 25200 CE 200 Qty@51

Long 24500 PE 600 Qty @130
Short 24400 PE 600 Qty @104
Short 24000 PE 600 Qty @42

Total credit around 30000

What's your returns graph ? Like, what do you make if BNF expires at 24500, 24000, 25000 etc.

 

[amrutham]

What's your returns graph ? Like, what do you make if BNF expires at 24500, 24000, 25000 etc.

Timepass,

My aim is to keep initial credit of 30k and to add another 10-20k in the last two days of expiry and through adjustments in between.

If BN closes anywhere between 23900 -25200, I can keep the whole premium.
In addition to that, in 24200 - 24400 range, there will be additional 60K profit.

Below 23900 and above 25200, it is unlimited loss.

 

[pannet1]

ha if you want a no non sense / no adware payoff diagram

 

[anildnr]

For Month of April Expiry, I do not have any NIFTY positions currently. I may SHORT 10000 PE if nifty stops falling and takes support in 10000- 10200 range.

Regarding BN weekly options, I have too many options and I may be adjusting my positions very actively during market hours. In the past, most of my profits came from these options only, even though they are very volatile and some times may give big loss.

Current open trades for 05th April Expiry are, SHORT 23500 PE, SHORT 24000 PE, SHORT 24500 CE and SHORT 24800 CE. Very near to current traded price is less number of lots (3-7) and far OTM is more number of lots(10-15).

hi amrutham, can you send a mail to me ...I also to options trading mostly selling options,, your knowledge may help me..

 

[Raju]

Hi amrutham ,
Can we do backtesting for last 1-2 years using options oracle with data in csv format ?