Well retailers lose everywhere to be honest. Day trading , Futures , Options whatever. Last Exp we witnessed 200 point jump in Nifty b4 exp and many puts expired worthless whereas 2700-2800 calls of dec appreciated from 4 rs to 40 rs.
How can the retailers know that market will jump 200 points that too 2 days before exp. I bet hardly anyone would have got those 2800 calls at 4 and sold at 40. Very few would have known that.
Now for eg , i bought RIL puts for 3 k (1 st week feb exp ) keeping my SL level at 1336 on closing basis. Whole week mkts didnt budge anywhere and Puts already lost so much value. Then came this trading jump which has now almost finished them
My strategy is Like recently i bought 2 lots ONGC puts at 720 level , 1 lot gave me profit to keep other free of cost . Have kept a trailing SL there as i still think Ongc is weak but i have no way out to See RIL puts , just 1k left out of 3k , then I have no other way out but to take a chance there.
Mkts dont always move with technicals , Luck By chance
Yeah RIL Put may expire worthless (acc to technicals now) but still 8 sessions left and sometimes these are enugh.