Trading 40 Lakhs for good profits.......Simple strategy!

[SexyTrader]

Sexy, Banknifty now has WEEKLY options, maybe you want to look at that. Seems good play for option sellers. Today is the first expiry.

Yes. Figuring out the weekly gamma....though realized theta erosion is lightning fast! Can be good and can be risky too :thumb:

 

[SexyTrader]

Just for Today....Shorted BankNifty 17500 CE at 14/- now for today's expiry with 100 lots.

Easy profits!

 

[timepass]

Just for Today....Shorted BankNifty 17500 CE at 14/- now for today's expiry with 100 lots.

Easy profits!

Did you book loss ? At what price did you square off ?

 

[SexyTrader]

Did you book loss ? At what price did you square off ?

No...I booked profits when it touched 11/- for yesterday's expiry BankNifty 17500 CE.

I had 100 lots written at 14/- so decided to book profits :thumb:

 

[mudraatrader]

unbelievable :lol:
very well done :lol: :lol:

only 3 R profit taken,
otherwise you took this trade to corner 14 R
you were saved from indigestion
Hain na !!!

keep it up !!!!!!!!!!!

 

[SexyTrader]

unbelievable :lol:
very well done :lol: :lol:

only 3 R profit taken,
otherwise you took this trade to corner 14 R
you were saved from indigestion
Hain na !!!

keep it up !!!!!!!!!!!

With 100 lots written, too much greed can lead to indigestion on expiry day hence better to book 3 Rs profits

 

[mudraatrader]

With 100 lots written, too much greed can lead to indigestion on expiry day hence better to book 3 Rs profits

But bhai, if you have posted it real time that you are covering all 100 lots, then I would have bought 50/100 lots 17500 CE at that price from market, though I bought only a few @ 18.50

 

[SexyTrader]

But bhai, if you have posted it real time that you are covering all 100 lots, then I would have bought 50/100 lots 17500 CE at that price from market, though I bought only a few @ 18.50

On expiry day, I never buy Options come what may. Hence 3 Rs profit writing 100 lots better than losing money :thumb:

 

[^k^]

SexyTrader,few queries.
a)Several lots means how many lots?(If dont want to answer this then its ok)
b)if we buy at say 150,will all the lots fill at 150?how much slippage did you face so far?
c)how many lots of Nifty options can be bought at a time?

all 100 lots of BankNifty 17500 CE got filled at 14? and all 100 lot got filled at 11?

no slippage,order jump if any?

 

[Dr. A.K]

On expiry day, I never buy Options come what may. Hence 3 Rs profit writing 100 lots better than losing money :thumb:

I will become Taxi trader,pura taxi bhar bhar k paisa le jaunga,I never loss money.:lol: