This is 8th week when markets are totally sideways. I think days of clear break are over now.
My bull put spreads and bear call spreads have failed me many times in this market. So now I am going to stick with total sideways strategies. The reason to do bull spreads and bear spreads was that they gave predictable outcomes in terms of profit/loss. But now a days every trade is hitting stoploss.
I had to reverse my yesterdays position. I closed the positions I took yesterday.
Right now, I am into -30300, +30000 & -30400, +30100, +30200 Puts.
Nifty was trading strong compared to Bank Nifty. So from some accounts I did -11550, +11400 put spreads which immediately came into profits.
With Vix Ultra low right now, I think with little volatility, we will continue to move up slowly.
Here is the net position
Trade log is updated. Find it here;