Escape's Options Trading Diary - Phase 2

[escape]

Folks, I have one query related with NSE NOW, it resets price every day under RMS View. In case if we keep overnight position, next day it doesn't show exact or average price at which we bought/Sold, instead it shows some other price (Not sure what). Does anyone noticed this? Except for seeing "Bill" report, are there any other option?

 

[timepass]

Yeah. I think it considers yesterday's LTP (closing).

 

[escape]

Yeah. I think it considers yesterday's LTP (closing).

Yes, even I think so. But then how do we keep track of our buy/sell price, only option left I guess is manual.

 

[timepass]

Yes, even I think so. But then how do we keep track of our buy/sell price, only option left I guess is manual.

Difficult to do it in real time, just have to check the reports/ledgers.

 

[escape]

Positional: Bought 20 lots of Nifty 13Jan2013 PE 5400 @ 8.70, CMP 9.00.

 

[escape]

Current Status:

1) Long 02 lots of Nifty 27Dec2012 PE 5900 @ 84.45, CMP 60.00
2) Long 20 lots of Nifty 13Jan2013 PE 5400 @ 8.70, CMP 9.85

 

[escape]

Current Status:

1) Long 02 lots of Nifty 27Dec2012 PE 5900 @ 84.45, CMP 70.00
2) Long 20 lots of Nifty 13Jan2013 PE 5400 @ 8.70, CMP 9.60
3) Short 02 lots of Nifty 28Feb2013 CE 6100 @ 93.30, CMP 80.00

 

[augubhai]

Current Status:

1) Long 02 lots of Nifty 27Dec2012 PE 5900 @ 84.45, CMP 70.00
2) Long 20 lots of Nifty 13Jan2013 PE 5400 @ 8.70, CMP 9.60
3) Short 02 lots of Nifty 28Feb2013 CE 6100 @ 93.30, CMP 80.00

Hi escape,

What strategy is this? generally, I would have thought that you would be long far month, and short near month. But here it is the opposite.

 

[escape]

Hi escape,

What strategy is this? generally, I would have thought that you would be long far month, and short near month. But here it is the opposite.

Dear Augubhai, yes you are correct it is contradicting.

But I took this short position as it seems market will stuck in range of 5800 and 6000 for some time, similar to Oct and Nov month, when it stuck in small range for 6-7 weeks. Until it goes above 6000, I feel it will be safe to hold and also time decay will help (although it is slower time-decay).

Tomorrow, I may short PE 5600 or 5700 to safe guard from opposite direction too. Didn't got position today.

 

[Taiki]

Happy New Year Escape,
Wishing you a great and prosperous financial year ahead :thumb::thumb: