Escape's Options Trading Diary - Phase 2

[escape]

Did one trade today:

Bought 20 lots of Nifty 25Apr2013 CE 5500 @ 111.00, Exit @ 118.00, Profit of 7.00 points.

 

[nac]

Do you have any software to analyse your option strategy? (Free)

I wanted to see how you have established the position, but option oracle doesn't work with NIFTY. I have option edge, but it doesn't have a provision to add 5th leg. And I tried searching online option analysis, but nothing is good enough to try yours...

 

[escape]

Do you have any software to analyse your option strategy? (Free)

I wanted to see how you have established the position, but option oracle doesn't work with NIFTY. I have option edge, but it doesn't have a provision to add 5th leg. And I tried searching online option analysis, but nothing is good enough to try yours...

Dear nac, I don't use any special software to analysis Options geeks. Strategy is done manually based on customized Iron Condor.

 

[escape]

Here is log as of last session.

Intraday trade:
NIFTY 25Apr2013 CE 5500 (B) 1000 @ 111.00 (S) 1000 @ 118.00 (P/L) 7000

Current Open Positions (Strategy Based) -April Series:
NIFTY 25Apr13 CE 5400 (S) 150 @ 232.70, LTP 173.60
NIFTY 25Apr13 CE 5800 (B) 150 @ 11.00, LTP 4.45
NIFTY 25Apr13 PE 5400 (B) 300 @ 24.00, LTP 16.90
NIFTY 25Apr13 PE 5800 (S) 200 @ 258.00, LTP 244.15
NIFTY 25Apr13 PE 5900 (S) 100 @ 309.50, LTP 339.05

Current Unrealized Return On Open Positions: 5567

Learning/Remark:
On Positional (Strategy) trade, no change in position. Hopefully tomorrow and day after tomorrow, because of Reliance, HCL and TCS results, market may go up, which is good for me.

On intraday, I was lucky enough to take EXIT at right time, else would have ended day in negative.

 

[escape]

Bought 5 lots of Nifty 25Apr2013 CE 5500 @ 112.00, SL 105.00

 

[escape]

Bought 5 lots of Nifty 25Apr2013 CE 5500 @ 112.00, SL 105.00

Exit @ 117.00, Profit of 5.00 points, less brokerages.

 

[escape]

Bought 10 lots of Nifty 25Apr2013 CE 5500 @ 145.50, Exit 150.50, Profit of 5.00 points, less brokerages,

 

[escape]

Bought 10 lots of Nifty 25Apr2013 PE 5700 @ 87.90, SL 81.00

 

[escape]

Bought 10 lots of Nifty 25Apr2013 PE 5700 @ 87.90, SL 81.00

Took wrong decision not to EXIT even at stop loss as NIFTY at 5645 was good resistance. Holding it.

 

[escape]

Here is log as of last session.

Intraday trade:
NIFTY 25Apr2013 CE 5500 (B) 750 @ 134.05 (S) 750 @ 139.30 (P/L) 3950

Holding Position:
NIFTY 25Apr2013 PE 5700 (B) 500 @ 87.90, CMP 53.50

Current Open Positions (Strategy Based) -April Series:
NIFTY 25Apr13 CE 5400 (S) 150 @ 232.70, LTP 294.95
NIFTY 25Apr13 CE 5800 (B) 150 @ 11.00, LTP 16.85
NIFTY 25Apr13 PE 5400 (B) 300 @ 24.00, LTP 4.10
NIFTY 25Apr13 PE 5800 (S) 200 @ 258.00, LTP 124.85
NIFTY 25Apr13 PE 5900 (S) 100 @ 309.50, LTP 211.95

Current Unrealized Return On Open Positions: 21,955

Learning/Remark:
On Positional (Strategy) trade, no change in position.

On intraday, did one trade against market and don't why I didn't even EXIT at SL too (i.e. psychological effect of NIFTY resistance at 5645 and EU being down). Let's see what happens tomorrow.