Escape's Options Trading Diary - Phase 2

[escape]

Here is log as of last session.

Intraday (Naked) trade:
NIFTY 30May2013 CE 12000 (B incl. Overnight) 12000 @ 32.22 (S) 12000 @ 37.45 P/L +62,822

Naked Positions Holding Overnight:
None

Strategy Based Trade - May Series:
NIFTY 30May13 CE 5500 (S) 100 @ 410.00, LTP 601.40
NIFTY 30May13 PE 5500 (B) 900 @ 5.15, LTP 0.45
NIFTY 30May13 PE 6300 (S) 100 @ 405.00, LTP 185.00
NIFTY 30May13 CE 6200 (B) 200 @ 9.00, LTP 7.95
NIFTY 30May13 CE 5900 (S) 300 @ 300, LTP 212.00
NIFTY 30May13 PE 6400 (S) 300 @ 200, LTP 286.00
NIFTY 30May13 PE 6600 (S) 100 @ 366, LTP 482.00

Current Unrealized Return On Strategy Trades: -2,670


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

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

On Intraday (Naked) trade, did multiple trades in NIFTY 30May2013 CE 6100.

 

[timepass]

Escape, will you leg in your next series' positions during this series itself ?? At least selling the next series' options...

 

[escape]

Escape, will you leg in your next series' positions during this series itself ?? At least selling the next series' options...

Dear Timepass, I'll take position after end of current series. This will help me to know outcome as well as mistakes done in current series. Also for simplicity, I will take position after end of current series. Most possibly I will take positions on this Friday.

 

[timepass]

Dear Timepass, I'll take position after end of current series. This will help me to know outcome as well as mistakes done in current series. Also for simplicity, I will take position after end of current series. Most possibly I will take positions on this Friday.

Positions apart, do you have any ideas for the next series ?

 

[escape]

Positions apart, do you have any ideas for the next series ?

I will decide this on Thursday evening or Friday Morning based on movement. As of now my current range is still valid i.e. 5500 & 6300.

Final decision either on Thursday evening or Friday morning.

 

[muinali]

dear escape


Intraday (Naked) trade:
NIFTY 30May2013 CE 12000 (B incl. Overnight) 12000 @ 32.22 (S) 12000 @ 37.45 P/L +62,822

is it a single order placement(like institutional order) or average

 

[escape]

dear escape


Intraday (Naked) trade:
NIFTY 30May2013 CE 12000 (B incl. Overnight) 12000 @ 32.22 (S) 12000 @ 37.45 P/L +62,822

is it a single order placement(like institutional order) or average

Dear muinali,

It is average of multiple orders

 

[muinali]

Dear muinali,

It is average of multiple orders

so impressive....:thumb:
your trade book induce me to restart trading option but i avoid as i burnt my hand once

 

[escape]

so impressive....:thumb:
your trade book induce me to restart trading option but i avoid as i burnt my hand once

Yes, it is very risky specially if you are trading naked option. Even I have lost lots of money and now I'm trying to recover those.

All the best buddy and do post your trades.

Happy Trading.

 

[pm_shah]

Dear muinali,

It is average of multiple orders

Dear Escape,

I was wondering how do you avoid sleepage with multiple orders. I have faced this issue though my quantity is not that high (in hundreds only). On an average how many points you loose from your profit target till your all orders get executed.

Also do you place limit orders?

You need to extremely fast while placing placing such orders, I am still lagging on this front and always finds myself chasing the market.

Do share your views on above points

Regards,

Pravin