On the all time high day.I too had 6500 calls.
If one had booked profits at the opening - good profit.
Just with in a minute or two the Call premium came closer to the previous day closing.
The vix fell so fast with the sharp selling and I just narrowly escaped..
Did not short today but will be shorting tomorrow. I will go for 6500 call and 5900 puts. Looks like a good trade. If large swings, we will be having positions in that direction anyways....
Only way to escape this is partial profit booking.
But I sold some of Dec & Jan 6800 CE in 1st minutes on Dec 9, but not in huge quantities as margin of option writing is quite high.
I was planned that on friday (discussed here) but have not enough courage to buy them on friday for overnight although I expected that move. But anyway got some good profit using intraday option writing. But I think we have to anticipate such move before hand to make such trade in opening minutes otherwise it is little tough. But partial profit booking with bought calls is not so tough. We must try to be safe first when with profit.
Only way to escape this is partial profit booking.
But I sold some of Dec & Jan 6800 CE in 1st minutes on Dec 9, but not in huge quantities as margin of option writing is quite high.
I was planned that on friday (discussed here) but have not enough courage to buy them on friday for overnight although I expected that move. But anyway got some good profit using intraday option writing. But I think we have to anticipate such move before hand to make such trade in opening minutes otherwise it is little tough. But partial profit booking with bought calls is not so tough. We must try to be safe first when with profit.