Escape's Options Trading Diary - Phase 2

[escape]

Bought 5 lots of Nifty 31Jan2013 PE 6100 @ 65.35, SL 60.00, CMP 65.70

Squared-off all 5 lots @ 68.65, profit of 3.30 points, less brokerages.

 

[trdstudent]

Squared-off all 5 lots @ 68.65, profit of 3.30 points, less brokerages.

just logged and see ur trd...... escape, don't u think u should wait for 6055 spot level for ur puts?

 

[escape]

just logged and see ur trd...... escape, don't u think u should wait for 6055 spot level for ur puts?

Until 12:35, you may see that 6066 was showing strong support. Hence when it reached near support, I squared-off my PUT position. It was correct decision. You can also see immediately after that price reached below my buy price (at Rs. 63.90). I was thinking of buying back again, but missed bus.

 

[trdstudent]

Until 12:35, you may see that 6066 was showing strong support. Hence when it reached near support, I squared-off my PUT position. It was correct decision. You can also see immediately after that price reached below my buy price (at Rs. 63.90). I was thinking of buying back again, but missed bus.

ok,understand thnx escape .

 

[escape]

Here is log as of last session.

Log:
NIFTY 31Jan13 CE 6000 (B) 550 @ 103.37 (S) 550 @ 109.300 (P/L) 3261.50
NIFTY 31Jan13 PE 6100 (B) 250 @ 65.35 (S) 900 @ 68.65 (P/L) 825.00

Result:
After deducting all charges: Rs. 3,947.95

Learning/Remark:
It was good day for me, although market was range bound. All trades I took ended in Green.

Normally I don't decide on target, but today except for first trade, targets were decided for remaining. I exited at target (partially or completely). Also most of my entries where at near support.

In between I was tempted to place buy order assuming breakout, but I controlled myself and it was good decision.

 

[escape]

Bought 5 lots of Nifty 31Jan2013 CE 6000 @ 99.75, SL 89.00, CMP 98.75

 

[escape]

Bought 5 lots of Nifty 31Jan2013 CE 6000 @ 99.75, SL 89.00, CMP 98.75

Bought 2 more lots at 95.80.

So holding 7 lots @ 98.62, SL @ 89.00, CMP 96.75

 

[escape]

Bought 2 more lots at 95.80.

So holding 7 lots @ 98.62, SL @ 89.00, CMP 96.75

Squared-off all positions @101.75, profit of 3.13 points, less brokerages.

 

[escape]

Bought 5 lots of Nifty 31Jan2013 PE 6200 @ 108.50, SL 98.00, CMP 109.90

 

[escape]

Bought 5 lots of Nifty 31Jan2013 PE 6200 @ 108.50, SL 98.00, CMP 109.90

Squared-off 4 lots @ 112.50 and 1 lot @ 108.50.
Avg. Sell Price @ 111.70, profit of 3.2 Points, less brokerages.