Augubhai's diary and notes

[augubhai]

went long 5800CE 77.75, exited at 77.2. will renter if it breaks last bar high.

 

[augubhai]

went long 5800CE 77.75, exited at 77.2. will renter if it breaks last bar high.

long again at 78.59, exited 76.82

 

[augubhai]

Intraday - 4 trades today. All losing 1-2 points each. Trying my best to limit trading when there is no movement.

Also, initiated positional trade today because the far out Puts appear very cheap.

 

[augubhai]

Positional trade:
Sold Jan2013 5800 Put for 60. Bought Dec2013 6000 Put for 298.

Far month puts appear heavily discounted compared to calls.

Looking for a Dec2013 Bull Call Spread to offset the Dec2013 Put position. Will only enter if I get a good price.

So far 1 intraday trade - bought 5900PE at 43.4, sold at 41.8.
Thought of shorting January 5800PE intraday, but then decided against it.

 

[augubhai]

Intraday trade:
Was able to cash in on the upmove
5800 CE - entry 78.8, adds 89.9, 99, 101, exit 107.7

 

[augubhai]

Long 5800CE again...

 

[augubhai]

Long 5800CE again...

Long 108.2, exit 106.2

 

[augubhai]

Few more trades in 5800CE that did not work out....
Entry 110, exit 108.1
Entry 110.2, exit 110.75

Now looking at 5900CE....
Am in good profit intraday bcos each add is actually a pile-on

 

[augubhai]

long 5800CE @ 115

 

[augubhai]

Today intraday trades are good. This is exactly what I want to do:

- Enter with a tight SL, if I see a chance of a move
- If the move materializes, pile-on with tight SL (each add will be at least equal to open position, if not more)
- try to stay out when market goes dead (I also think to shorting strangles in this phase)