Escape's Options Trading Diary - Phase 2

[escape]

How much capital was locked in this strategy ? Were there any anxious moments (as are there in intraday trades) ? Were you unsure at any point ?

Dear Timepass, Capital locked is much higher.

There was never any anxious moments, as I was in plus side throughout series.
Also based on this strategy, my max. possible loss could have be around 26K and not unlimited, that gave me some confidence to be in trade.

 

[timepass]

Dear Timepass, Capital locked is much higher.

There was never any anxious moments, as I was in plus side throughout series.
Also based on this strategy, my max. possible loss could have be around 26K and not unlimited, that gave me some confidence to be in trade.

Of course the capital locked is much higher because you sold options. I was just trying to calculate the percentage returns. Even if you got 6-7% stressfree, it is a very good investment.

 

[escape]

Of course the capital locked is much higher because you sold options. I was just trying to calculate the percentage returns. Even if you got 6-7% stressfree, it is a very good investment.

Yes, return was around 10%, and was stress-free.

 

[escape]

Here is log as of last session.

Intraday trade:
None

Strategy Based Trade - May Series:
NIFTY 30May13 CE 5500 (S) 100 @ 410.00, LTP 392.40
NIFTY 30May13 PE 6300 (S) 100 @ 405.00, LTP 408.00
NIFTY 30May13 CE 6200 (B) 200 @ 9.00, LTP 9.05

Current Unrealized Return On Strategy Trades: 1470

Learning/Remark:
On Positional (Strategy) trade, Open trades for May series.

On intraday, No trades today.

 

[Dave]

Good going bro :thumb::thumb:
Keep up

 

[niftytaurus]

Hi
I have been following ur thread.its good to know that ur doing ur trades with strict discipline....I also want to do option trading..even i did for some time..nw I stopped it & again started the learning process...
ur broker is rksv? hw it is? as my broker is icici which is very costly...due to high brokerage I have to keep 4 points profit extra for brokerage...is that broker service is good & fast? please guide me

 

[vssoma]

dear,
how you are screening your positions everyday, cause, options oracle is not working. is there any other application or just your own calculations.

 

[escape]

Hi
I have been following ur thread.its good to know that ur doing ur trades with strict discipline....I also want to do option trading..even i did for some time..nw I stopped it & again started the learning process...
ur broker is rksv? hw it is? as my broker is icici which is very costly...due to high brokerage I have to keep 4 points profit extra for brokerage...is that broker service is good & fast? please guide me

Thank you niftytaurus for following thread.
Regarding RSKV, I didn't face any issue until now. ICICI Securities is very costly and for even to reach breakeven, you need 4 to 5 points move in your direction.

RKSV is using standard NSE NOW software. There is no delay and personally I feel, it is much better than ICICI Web interface or ICICI's Trade Racer.

 

[escape]

dear,
how you are screening your positions everyday, cause, options oracle is not working. is there any other application or just your own calculations.

vssoma, I use spreadsheet, and simple calculations, and entering data manually. Currently I'm not considering any Options Greeks like Delta, Gamma, Theta, etc. Trying to make it simple.

 

[escape]

Here is log as of last session.

Intraday trade:
NIFTY 30May2013 CE 5900 (B) 1000 @ 95.50 (S) 1000 @ 96.50 (P/L) 1000

Strategy Based Trade - May Series:
NIFTY 30May13 CE 5500 (S) 100 @ 410.00, LTP 412.75
NIFTY 30May13 PE 5500 (B) 200 @ 8.25, LTP 7.85
NIFTY 30May13 PE 6300 (S) 100 @ 405.00, LTP 383.25
NIFTY 30May13 CE 6200 (B) 200 @ 9.00, LTP 10.50

Current Unrealized Return On Strategy Trades: 2,120.00

Learning/Remark:
On Positional (Strategy) trade, added NIFTY 30May13 PE 5500 today.

On intraday, it was quick trade done at closing.