#Nifty I was holding an Iron Butterfly of 9200 with expectation that market will revolve sideways between 600 points. But we went extreme today. I had: -3 X 9200 CE, +3 X 9700 CE, -3 X 9200 PE, +3 X 8700 PE. I am only holding -3 X 9200 CE so as to make it breakeven. Rest I have covered.
I haven't turned bearish. I am still sideways. What we say today was bit of an over reaction by market. With that, I created following position: -3 X 8900 CE, +3 X 9400 CE, -3 X 8900 PE, +3
I have already shared the rationale of my posts through regular updates. My target for Nifty Ratio Calendar at the start of the week was ₹15,000/-. Through active management, I managed to make ₹22,000/- from the trade. Still carrying forward sold put of #Reliance #KotakBank (Reverse Trade) #JublFood, #Sbin #Hdfcbank Calendar Spread. For my portfolio, added #BATAINDIA and #HONAUT. Finally ended up making a profit of ₹90,400/- for the week. Detail of the trades are already upda
Even after yesterday's sell of I mentioned that I am sideways to bullish.
Following are the positions I am holding right now: I have excluded the Nifty and Bank Nifty trades from it. What was initially a calendar is now a total custom trade and can be viewed in my excel sheet. 1. #HDFCBANK - Still holding the call calendar. I expect to close this in profit by end of month. 2. #JUBLFOOD - Still going well. 3. #KOTAKBANK - I might have to book loss in Kotak Bank. It is third t
These were the positions I was carrying yesterday: 1. #INDUSINDBK - Closed at a profit of ₹50,000/-. 2. #SBIN - Sold a 200 strike call and created a strangle. 3. #RELIANCE - Still holding naked put sold at 1120 strike. 4. #JUBLFOOD - Still holding naked put sold at 1350 strike. 5. #HDFCBANK - Still holding calendar spread. No changes. 6. #RBLBANK - Closed 150 CE at ₹2. Now holding naked 130 CE. Added 2 Rs. benefit. 7. #NIFTY - Got lucky on one of the wrong trades. Yesterday,
This is how I have done adjustment to my existing positions: 1. #INFY - Cost to cost exit. Did not create new position due to pending results. 2. #RELIANCE - Cost to cost exit. Reversed and sold 1120 naked put at ₹20/-. Yesterday was getting bullish signs. 3. #SBIN - Rejected downside. Banking sector as a whole was giving bullish signals. Sold a 180 PE which if right can cover loss and give profits. 4. #HDFCBANK - Was carrying naked call sold at 960. Results were on Saturday,
I am officially bull above 8684 now. I was holding following positions yesterday: 1. #KOTAKBANK - Covered cost to cost when it moved Rs. 30 against my initial sell price. 2. #SBIN - Banking sector has gone bullish or quite strong now. Covered at loss but sold 180 PE. If SBIN stays above 180 in coming days, the collective trade will still give me Rs. 10,000/- profit. 3. #HDFCBANK - Bought a 1000 strike call as a hedge. Results are due on Saturday. If opening is normal, then wi
These were the positions I was carrying: 1. #AXISBANK - Made an exit at around 433. After that it touched 447. I think it was a fake up move and came down later but gave me a loss of ₹6000/-. I don't keep over night options if it is ITM and I am on the sell side. 2. #INFY #SBIN #INDUSINDBK are all going fine. 3. #Nifty Ratio Calendar: This is how I managed it; Sold 9100 Put and booked profit in that. Sold 9200 Put and booed minor loss in that. Sold 9100 Put later but market c
Market started normal and immediately went into negative territory. I sold #BankNifty call of 21000 @ ₹90 with SL at 142 and it got hit making a loss of ₹12,000/-. I sold the same strike with cost to cost strike 3 times before it gave me a gain of ₹8000/-. Then I sold 20000 CE at 438 which I covered at 312. It covered initial stoploss that I hit and I became breakeven. Throughout day, I became bearish, then bullish and in the end, I chose to remain bearish. I have sold 9300 C