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

[amrutham]

Entered into below NF short strangle for June expiry.

NF Spot @ 10770

Sell NF 10900 CE 300 [email protected]
Sell NF 10600 PE 300 Qty @ 20

Net credit = around 12K

This position is safe in the NF range of 10600 - 10900.
Planning to hold until expiry.

 

[govindheg]

In this trade ur view is bn will not fall below 26600

Entered into below position for BN June expiry

BN Spot @ 26590

Buy BN 26500 PE 200 Qty @ 145
Sell BN 25400 PE 200 Qty @ 110
Sell BN 26000 PE 200 Qty @ 36

Net credit = 200

Amrutham ji, lot of things to learn from you. Very good entry and exit. Thank you for your sharing trade details.
Regards
Govind

 

[anildnr]

Amrutham ji, lot of things to learn from you. Very good entry and exit. Thank you for your sharing trade details.
Regards
Govind

Yes amrutham..learning things from this thread...thank you

 

[govindheg]

Entered into below position for BN June expiry

BN Spot @ 26590

Buy BN 26500 PE 200 Qty @ 145
Sell BN 25400 PE 200 Qty @ 110
Sell BN 26000 PE 200 Qty @ 36

Net credit = 200

Here, what are your thoughts about market movement? And exit strategy?

 

[govindheg]

Max pain is @ 26600.

Where do you get max pain information from?

 

[anildnr]

Where do you get max pain information from?

One more..if max pain at 26600 and market is nearby 26600 then we need to sell 26600ce 2x sell and 26700ce x buy and 26500ce x buy?

 

[columbus]

Put options of Banknifty (weekly) are commanding premium.Any reason?
LTP=26497
27000CE=31.80
26000PE=46.90

 

[bharatmangukia]

Where do you get max pain information from?

You can use Quantsapp

 

[amrutham]

Here, what are your thoughts about market movement? And exit strategy?

Unless BN comes out of trading range 26200 - 26700, no need to do anything with this position.

If it breaks 26200 downside, then 26000 PE can be adjusted downwards. If it breaks 26700 upside, 26000 PE can be adjusted upwards for extra premium credit.

 

[amrutham]

Put options of Banknifty (weekly) are commanding premium.Any reason?
LTP=26497
27000CE=31.80
26000PE=46.90

May be its because, BN is unable to come out of its 26200 - 26700 range and more biased towards downside.