Escape's Options Trading Diary - Phase 2

[jassinko]

Naked Positions Holding Overnight:
NIFTY 30May2013 PE 6000 (B) 2000 @ 81.65, LTP 35.60

naked put at 6155 looks very risky......though the way rally happens today scared me from taking longs now.....6220 will be the area now where i will take shorts for 6120 target...below 6000 now looks difficult

wat say escape bro...r u hedging or reversing ur trade????

 

[DanPickUp]

naked put at 6155 looks very risky......though the way rally happens today scared me from taking longs now.....6220 will be the area now where i will take shorts for 6120 target...below 6000 now looks difficult

wat say escape bro...r u hedging or reversing ur trade????

Why does it scare you? Any more specif definition you can give on that, as a rally can move on and on, even if every body says: No, not possible.

What are your strategies to trade? How do you define your entries? How do you define your stop losses? What are your exit targets?

Think about that and you can trade what ever market puts in front of your head.

Take care / DanPickUp

 

[escape]

Here is log as of last session.

Intraday (Naked) trade:
No trades today:

Naked Positions Holding Overnight:
NIFTY 30May2013 PE 6000 (B) 2000 @ 81.65, LTP 26.55

Strategy Based Trade - May Series:
NIFTY 30May13 CE 5500 (S) 100 @ 410.00, LTP 677.00
NIFTY 30May13 PE 5500 (B) 900 @ 5.15, LTP 2.75
NIFTY 30May13 PE 6300 (S) 100 @ 405.00, LTP 145.30
NIFTY 30May13 CE 6200 (B) 200 @ 9.00, LTP 68.10

Current Unrealized Return On Strategy Trades: 8,930

Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, no change in position today.

On Intraday (Naked) trade, no change in position today.

 

[timepass]

Strategy Based Trade - May Series:
NIFTY 30May13 CE 5500 (S) 100 @ 410.00, LTP 677.00
NIFTY 30May13 PE 5500 (B) 900 @ 5.15, LTP 2.75
NIFTY 30May13 PE 6300 (S) 100 @ 405.00, LTP 145.30
NIFTY 30May13 CE 6200 (B) 200 @ 9.00, LTP 68.10

Current Unrealized Return On Strategy Trades: 8,930

You didn't enter into all these positions in one basket order, did you ? You must've spread them out over a day or more. Do you intend exiting them all at once on the expiry day or do you also have individual stoplosses/ exit points ? Any thoughts on adds ?

 

[escape]

You didn't enter into all these positions in one basket order, did you ? You must've spread them out over a day or more. Do you intend exiting them all at once on the expiry day or do you also have individual stoplosses/ exit points ? Any thoughts on adds ?

Dear timepass,

You are correct. I didn't used Basket order. They are independent. I took them over 1-2 days, as individual order.

Regarding exit, I would ideally prefer to EXIT all on EXPIRY day, if possible at same time.

For SL, if value of either trade 1 or trade 3 (Shorting ones) comes close to 5(before EXPIRY day), it triggers some action, possibly to EXIT from all trades.

Regarding Adds, it was planned to add some in last week, but I didn't able to do it as I'm stuck with bad "NAKED" trade (still I'm with that bad "NAKED" trade). Anyway, to cover it's loss, I'll add more positions to "STRATEGY" trade in coming days.

Hope I have answered all queries.

Happy Trading.

Regards,
Escape

 

[escape]

Here is log as of last session.

Intraday (Naked) trade:
No trades today:

Naked Positions Holding Overnight:
NIFTY 30May2013 PE 6000 (B) 2000 @ 81.65, LTP 18.65

Strategy Based Trade - May Series:
NIFTY 30May13 CE 5500 (S) 100 @ 410.00, LTP 677.00
NIFTY 30May13 PE 5500 (B) 900 @ 5.15, LTP 2.75
NIFTY 30May13 PE 6300 (S) 100 @ 405.00, LTP 145.30
NIFTY 30May13 CE 6200 (B) 200 @ 9.00, LTP 68.10
NIFTY 30May13 CE 5900 (S) 200 @ 300, LTP 280.40
NIFTY 30May13 PE 6400 (S) 100 @ 200, LTP 228.00
NIFTY 30May13 PE 6500 (S) 100 @ 366, LTP 426.05

Current Unrealized Return On Strategy Trades: 805

Learning/Remark:
P/L excluding brokerages and taxes.

On Positional (Strategy) trade, SHORTED NIFTY 30May13 CE 5900, NIFTY 30May13 PE 6400 and 30May13 PE 6500 today.

On Intraday (Naked) trade, no change in position today.

 

[soft_trader]

Here is log as of last session.

Naked Positions Holding Overnight:
NIFTY 30May2013 PE 6000 (B) 2000 @ 81.65, LTP 18.65

What I see is that you are losing 63 per lot in this position. And already are in a loss of whooping 1.26 lakh. What is the logic behind holding this position?

I wonder how much capital do you have. Also are you in a net loss or profit in trading.

 

[prakash2010]

What I see is that you are losing 63 per lot in this position. And already are in a loss of whooping 1.26 lakh. What is the logic behind holding this position?

I wonder how much capital do you have. Also are you in a net loss or profit in trading.

What type of logic is this.

Already 1.25 lakh gone. Another 36000 remaining.

Escape- you want to save the remaining money or you waiting for complete wipe out.

Bulls will go for the kill next week and expiry will be above 6100.

 

[escape]

What I see is that you are losing 63 per lot in this position. And already are in a loss of whooping 1.26 lakh. What is the logic behind holding this position?

I wonder how much capital do you have. Also are you in a net loss or profit in trading.

What type of logic is this.

Already 1.25 lakh gone. Another 36000 remaining.

Escape- you want to save the remaining money or you waiting for complete wipe out.

Bulls will go for the kill next week and expiry will be above 6100.

Thank you soft_trader and prakash2010 for post.

I don't know if it correct decision at the this moment, but today I booked loss @17.30. Loss is big, will try to recover as much possible.

 

[timepass]

Escape, when you designed your positional strategy, what range and direction did you anticipate for NF ??