Escape's Options Trading Diary - Phase 2

[timepass]

Naked Positions Holding Overnight:
NIFTY 25Jul2013 PE 5400 (B) 6000 @ 20.20, LTP 7.90
NIFTY 25Jul2013 PE 5600 (B) 2000 @ 26.38, LTP 25.85

Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 200 @ 310.00, LTP 382.15
TDB

Selling calls and buying puts.. quite a unidirectional approach. You must be expecting serious downside. Any stoploss /add (or averaging) points ??

 

[escape]

Selling calls and buying puts.. quite a unidirectional approach. You must be expecting serious downside. Any stoploss /add (or averaging) points ??

Have negative outlook. May do averaging.

 

[escape]

Here is log as of last session.

Intraday (Naked) trade:
None

Naked Positions Holding Overnight:
NIFTY 25Jul2013 PE 5400 (B) 6000 @ 20.20, LTP 7.80
NIFTY 25Jul2013 PE 5500 (B) 4000 @ 19.28, LTP 15.95
NIFTY 25Jul2013 PE 5600 (B) 2000 @ 26.38, LTP 29.65

Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 200 @ 310.00, LTP 342.55
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -6,510


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

On Positional (Strategy) trade, no change today.

On Intraday (Naked) trade, none.

On holding positions, added NIFTY 25Jul2013 PE 5500.

 

[ganeshams]

Bhai what level of nifty spot you have in your mind to exit your PEs.

 

[escape]

Bhai what level of nifty spot you have in your mind to exit your PEs.

Bhai, I will start exiting starting 5760.

 

[aditya14]

Very much cowboy trading I must say.Hazardous to health.

 

[escape]

Very much cowboy trading I must say.Hazardous to health.

That's my way, based on my risk appetite.

 

[escape]

Here is log as of yesterday, no trade today.

Intraday (Naked) trade:
None

Naked Positions Holding Overnight:
NIFTY 25Jul2013 PE 5400 (B) 8000 @15.15, LTP 8.40
NIFTY 25Jul2013 PE 5500 (B) 4000 @ 19.28, LTP 16.60
NIFTY 25Jul2013 PE 5600 (B) 2000 @ 26.38, LTP 30.30

Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 200 @ 310.00, LTP 325.00
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -3,000


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

On Positional (Strategy) trade, no change today.

On Intraday (Naked) trade, none.

On holding positions, added NIFTY 25Jul2013 PE 5400 to reduce avg. cost.

 

[arcus]

Here is log as of yesterday, no trade today.

Intraday (Naked) trade:
None

Naked Positions Holding Overnight:
NIFTY 25Jul2013 PE 5400 (B) 8000 @15.15, LTP 8.40
NIFTY 25Jul2013 PE 5500 (B) 4000 @ 19.28, LTP 16.60
NIFTY 25Jul2013 PE 5600 (B) 2000 @ 26.38, LTP 30.30

Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 200 @ 310.00, LTP 325.00
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -3,000


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

On Positional (Strategy) trade, no change today.

On Intraday (Naked) trade, none.

On holding positions, added NIFTY 25Jul2013 PE 5400 to reduce avg. cost.

Unless your account size is equal or above 10L; if you continue this way, one day you are going to blow up your account.

For more details, google the risk management concept called "risk of ruin".

 

[aditya14]

Here is log as of yesterday, no trade today.

Intraday (Naked) trade:
None

Naked Positions Holding Overnight:
NIFTY 25Jul2013 PE 5400 (B) 8000 @15.15, LTP 8.40
NIFTY 25Jul2013 PE 5500 (B) 4000 @ 19.28, LTP 16.60
NIFTY 25Jul2013 PE 5600 (B) 2000 @ 26.38, LTP 30.30

Strategy Based Trade - July Series: Open
NIFTY 25Jul2013 CE 5500 (S) 200 @ 310.00, LTP 325.00
TDB

Current Realized Return on Strategy Trades: NONE
Current Unrealized Return On Strategy Trades: -3,000


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

On Positional (Strategy) trade, no change today.

On Intraday (Naked) trade, none.

On holding positions, added NIFTY 25Jul2013 PE 5400 to reduce avg. cost.

U had 6000 5400 @ 20.2 and by adding 2000 u got average price 15?Are u paper trading like a lot of the diaries here?