Trading for Living -- Successfully Completed one year as Full Time Trader

[anildnr]

But i am not that confident in the above trade which is of 243 premium as i m expecting some movement in bn

Closed at same price

 

[amrutham]

Entered into below BN position for 14th June expiry.

BN Spot @ 26700

Buy BN 26600 CE 200 Qty @ 172
Sell BN 26700 CE 200 Qty @ 122
Sell BN 27000 CE 200 Qty @ 30

Net Debit =4K

This position is safe until BN 27080

Now closed this position.

BN Spot @ 26600

Buy BN 26600 CE 200 Qty @ 56
Sell BN 26700 CE 200 Qty @ 22
Sell BN 27000 CE 200 Qty @ 1

Credit =6.5K

Net Profit = 2.5K

 

[amrutham]

Entered into below BN expiry day trade.

BN Spot @ 26600

Buy BN 26600 PE 600 Qty @ 99
Sell BN 26500 PE 1200 Qty @ 52
Buy BN 26400 PE 600 Qty @ 24

Net Debit = 99+24 - 104 = 19*600 = 11.4K

Now closed this position. Mostly a break-even trade.

BN Spot @ 26600

BN 26600 PE 600 Qty @ 49
BN 26500 PE 1200 Qty @ 18
BN 26400 PE 600 Qty @ 5

 

[VJAY]

Now closed this position. Mostly a break-even trade.

BN Spot @ 26600

BN 26600 PE 600 Qty @ 49
BN 26500 PE 1200 Qty @ 18
BN 26400 PE 600 Qty @ 5

Dear amrutham,
Why this pos not squarred when it came near 26500?also it almost came again near it arround 12.00 pm...IMO CHGOI is not supported to square this postion there .....or you think otherwise?

 

[amrutham]

Dear amrutham,
Why this pos not squarred when it came near 26500?also it almost came again near it arround 12.00 pm...IMO CHGOI is not supported to square this postion there .....or you think otherwise?

I was expecting a minimum credit of 30 points for this position. I think it never reached there.

Don't want to keep the position open after 2PM. BN is too volatile in the last one hour of expiry day.

 

[anildnr]

Today also its writers day in bank nifty

 

[govindheg]

Entered into below BN expiry day trade.

BN Spot @ 26600

Buy BN 26600 PE 600 Qty @ 99
Sell BN 26500 PE 1200 Qty @ 52
Buy BN 26400 PE 600 Qty @ 24

Net Debit = 99+24 - 104 = 19*600 = 11.4K

Nice view. My rough calculation gives +10k if the position was kept till the end. Is my calculation correct?

 

[govindheg]

If BN trades positive, then I will not do anything until and unless it breaks 27000.

If it trades negative, probably I will move 27000 CE to 26800 CE.

Will keep this position open until at least 2:30 PM.

Hi Sir,
Saw your closing msg. Great. Timely profit booking

 

[govindheg]

Tried two spreads as under:
26700/26500 PE & CE with net credits 92 & 40.
When spot was nearing 26500 closed 26500 legs at Cost
Initiated a fresh spread 26400PE/CE with net 113 points.

Closed my short positions around 2 pm by paying 215 points
Although short sells gave 30 points, put buys which I ran till 3 pm have eaten away almost everything.
Managed to end the day with SAR on put side in the end and remained in green, but whatever is left with may not be sufficient to take care of broker’s charges!

Surprisingly, today BN traded with less volatility and I was tempted to close my put buys when they were continuously losing value. But didn’t, fearing sudden volatility post 2 pm. Keeping short sells open (effective strangle 27000pe / 26400 CE) by squaring off put sides would have yielded additional 30-40 points but was not confident.
Had I kept short sells open without closing, would have I ended up in loss on account of application of STT on ITM trades? Both 26700pe & 26400ce shorts ended as ITMs.
Any suggestions here pls?

 

[anildnr]

Tried two spreads as under:
26700/26500 PE & CE with net credits 92 & 40.
When spot was nearing 26500 closed 26500 legs at Cost
Initiated a fresh spread 26400PE/CE with net 113 points.

Closed my short positions around 2 pm by paying 215 points
Although short sells gave 30 points, put buys which I ran till 3 pm have eaten away almost everything.
Managed to end the day with SAR on put side in the end and remained in green, but whatever is left with may not be sufficient to take care of broker’s charges!

Surprisingly, today BN traded with less volatility and I was tempted to close my put buys when they were continuously losing value. But didn’t, fearing sudden volatility post 2 pm. Keeping short sells open (effective strangle 27000pe / 26400 CE) by squaring off put sides would have yielded additional 30-40 points but was not confident.
Had I kept short sells open without closing, would have I ended up in loss on account of application of STT on ITM trades? Both 26700pe & 26400ce shorts ended as ITMs.
Any suggestions here pls?

If u short sell and kept it open..then nothing will happen even it is itm...only if u buy and keept it open and if they are itm then only stt impact will be there..