Escape's Options Trading Diary - Phase 2

[escape]

Buy it back for 71-72 if you get it.

For intraday definitely?

 

[timepass]

For intraday definitely?

Not necessarily. I think a correction is coming.

 

[escape]

Here is log as of last session.

Log:
---- skipped because of some overnight position, had few fresh trades too ----

Result:
---- skipped, reason as above ---

Capital Status (Since September):
Exact Initial Capital: Rs. 45,000/-
Current Ledger balance Rs. 28587.30 (-16412.7 )

Learning/Remark:
Had big loss of around Rs. 6000 because of Overnight position of PUT, as market open with Gap-UP. Recovered small amount with few scalp trades.

 

[soft_trader]

@ Escape:

You have exited your PUTS or are still holding them?

 

[escape]

@ Escape:

You have exited your PUTS or are still holding them?

I have exited all PUTs at loss of around 29 points.
No overnight positions today.

 

[NIFTY_TRADER]

how much margin needed to sell nifty options???????????????????

 

[escape]

how much margin needed to sell nifty options???????????????????

Based on broker it varies. Check with your broker.

Although all experts and professionals prefer to short Options to get benefit of time-delay, I'm still avoiding same as on the other hand it is almost like playing with unlimited risk.

 

[soft_trader]

Today we may get another GAP UP.

 

[escape]

Today we may get another GAP UP.

Yeah, similar to yesterday. SGX Nifty +54, Dow currently +77 points.
More over news about 49% FDI in insurance, 26% in pension will rally tomorrow.

Good that I squared-off PUT and didn't kept it.

5880 seems next resistance level now for NIFTY.

 

[escape]

Today I'm doing some scalp trading, to recover previous loss.