Report to base Eagle One! Want to narrate an interesting story......After following Mr SG's call last week and making money in Vijay 100CA option, all this week, I had been thinking to buy options but was too scared to do so. Also, I was fearful of asking Mr SG for a tip since I knew he would give me a good spanking in public. So, on Wednesday, I read an interesting news piece which said that BPCL was going to raise petrol prices. So, I decided to buy BPCL option 700CA and was about to press the buy button. But what happened next was truly amazing......perhaps an act of God. My computer froze for 2 minutes. I pressed every key on the keyboard but nothing happened. So, I re-started the computer and opened the trading terminal, and to my horror discovered that I had accidentally bought the BPCL option at 20.9. I don't know how this happened. At that moment, the price was moving at around 20 and I was suffering a minor loss of Rs.500. But I held on thinking this as an act of God. Well, price of BPCL option moved up to 25 and I sold the option thereby making a good profit.
Now, the interesting thing is that when my computer froze for 2 minutes, the price of BPCL option went below 16. If my computer had not frozen, I would have surely sold my option at a big loss and would have vowed never to trade options again. However, after the BPCL trade, I felt that I had been inducted in the world of options. Since then, I have traded in 4 different options and now feel somewhat comfortable. Some may call the BPCL trade an act of God, some may call it luck...............I call it destiny!
Out, Delta One.