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

[amrutham]

Made adjustment to this position.

BN Spot @ 27870

As a hedge to 28000 PE,

Sell BN 27800 CE 200 Qty @ 215

Credit = 43K

Net credit for the position = 45.6K

Now closed this whole position.

BN Spot @ 27925

Sell BN 28400 PE 200 Qty @ 472

Buy BN 28300 PE 200 Qty@ 371
Buy BN 28000 PE 200 Qty@ 125
Buy BN 27800 CE 200 Qty @101

Net debit = 371+102+125 - 472 = 25K

Net Profit = around 20K

 

[amrutham]

Entered into below BN butterfly for 16th Aug expiry.

BN Spot @ 27790

Buy BN 27800 PE 600 Qty @ 113
Sell BN 27700 PE 1200 Qty @ 79
Buy BN 27600 PE 600 Qty @ 54

Net Debit = 113+54 - 158 = 9*600 = 5400

Now closed this whole position.

BN Spot @ 27925

BN 27800 PE 600 Qty @ 20
BN 27700 PE 1200 Qty @ 6
BN 27600 PE 600 Qty @ 2

A break-even trade.

 

[amrutham]

Entered into below NIFTY position for AUG expiry

NF Spot @ 11400

Sell NF 11100 PE 450 Qty @ 42
Sell NF 11600 CE 450 Qty @ 46

Net credit = around 40K

Expecting NF to be in the range of 11150 - 11500 for this expiry. If it breaches any of these levels, will adjust the position.

Made adjustment to this position.

NF Spot @ 11525

Buy 11600 CE 225 Qty @ 54
Sell 11400 PE 225 Qty @ 41

Debit = 13*225 = around 3K

Net credit for the position = 37K

 

[amrutham]

Entered into below BN butterfly for 23rd Aug expiry.

BN Spot @ 28280

Buy BN 28300 CE 600 Qty @ 152
Sell BN 28400 CE 1200 Qty @ 103
Buy BN 28500 CE 600 Qty @ 65

Net Debit = 152+65- 206= 11*600 = 6.6K

 

[superman]

Sorry to scare you , but do you have back up option in case you cannot take more leverage ?

http://www.traderji.com/community/t...ticipation-in-f-o.106175/page-79#post-1302057

SEBI will come back with a disastrous regulation, We may lose our leverage + additional barriers might be introduced. So ROI may drop drastically ,, Do have a look at the thread given.

 

[amrutham]

Sorry to scare you , but do you have back up option in case you cannot take more leverage ?

http://www.traderji.com/community/t...ticipation-in-f-o.106175/page-79#post-1302057

SEBI will come back with a disastrous regulation, We may lose our leverage + additional barriers might be introduced. So ROI may drop drastically ,, Do have a look at the thread given.

I have been following that thread, even though not posted in it.

Lets wait until things are clear.

If with the new rules, trading does not work out, then need to workout other options.

I am from an agricultural family and own around 20 acres of land. I may even go to farming .

 

[govindheg]

I have been following that thread, even though not posted in it.

Lets wait until things are clear.

If with the new rules, trading does not work out, then need to workout other options.

I am from an agricultural family and own around 20 acres of land. I may even go to farming .

Well said.
I am currently working. Was planning for an early retirement but may have to stick on to the job

 

[sreperu]

Hi Amrutham,
do you use any other strategies other than butterfly and ratio spreads? Please share your experience..

 

[sreperu]

Entered into below BN butterfly for 23rd Aug expiry.

BN Spot @ 28280

Buy BN 28300 CE 600 Qty @ 152
Sell BN 28400 CE 1200 Qty @ 103
Buy BN 28500 CE 600 Qty @ 65

Net Debit = 152+65- 206= 11*600 = 6.6K

Planning any hedge for position, it is going OTM as of now.

 

[amrutham]

Planning any hedge for position, it is going OTM as of now.

Planning to wait until market closing time, before hedging it with 28200 CE.