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

[bajica]

Entered into below stock option positions for July expiry.

Sell TataMotors 270 PE 1500 Qty @ 5
Sell PNB 70 PE 5500 Qty @ 1.2

Net credit = around 14K

Here you just want to profit from the time decay, as it seems you are expecting both these scrips to not cross the threshold value of your option.

 

[amrutham]

Entered into below long butterfly for June expiry.

BN Spot @ 26625

Buy BN 26700 PE 600 Qty @ 182
Sell BN 26600 PE 1200 Qty @ 132
Buy BN 26500 PE 600 Qty @ 92

Net Debit = 274 - 264 =10*600 = 6K

 

[amrutham]

Here you just want to profit from the time decay, as it seems you are expecting both these scrips to not cross the threshold value of your option.

These are the stocks I want to buy for the longer term investment.

If these puts close ITM by expiry, I will buy the shares. Else keep the premium collected and wait for some other opportunity.

 

[amrutham]

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

Now closed this position.

BN spot @26670

BN 26500 PE 200 Qty @ 66
BN 25400 PE 200 Qty @ 43

Net Credit = around 4.5K

26000 PE is still open and will hedge this if BN breaks 26500 on downside.

 

[amrutham]

Entered into below NF position for June expiry.

NF Spot @10730

Buy NF 10800 PE 450 Qty @ 124

Sell NF 10700 PE 450 Qty @ 75.5
Sell NF 10500 PE 450 Qty @ 24

Net debit = 124 - 75.5+24 = 24.5*450 = around 11K

If NF trades in the range of 10500 - 10800, this position can give good profit.

Below 10425, this position will start giving loss.

Now closed this position.

NF Spot @10780

NF 10800 PE 450 Qty @ 57

NF 10700 PE 450 Qty @ 18
NF 10500 PE 450 Qty @ 2.2

Net Credit = 59-18 = 41*450 = around 18K

Net Profit = around 7K

 

[arunkarthik]

Entered into below stock option positions for July expiry.

Sell TataMotors 270 PE 1500 Qty @ 5
Sell PNB 70 PE 5500 Qty @ 1.2

Net credit = around 14K

I’m a bit curious to understand what would your move be for Tata motors - as buying the stock in delivery for long term was your core intention.

It’s almost close to 275 now itself and the 270 put is commanding a premium close to 8.5

Let us know. Thanks.


Cheers
AK

 

[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.

Now closed this position

NF Spot @ 10770

NF 10900 CE 300 Qty@6
NF 10600 PE 300 Qty @5

Net profit = around 8.5K

 

[VJAY]

I’m a bit curious to understand what would your move be for Tata motors - as buying the stock in delivery for long term was your core intention.

It’s almost close to 275 now itself and the 270 put is commanding a premium close to 8.5

Let us know. Thanks.


Cheers
AK

I’m a bit curious to understand what would your move be for Tata motors - as buying the stock in delivery for long term was your core intention.

It’s almost close to 275 now itself and the 270 put is commanding a premium close to 8.5

Let us know. Thanks.


Cheers
AK

on expiry if it going close below then he take delevery of shares(for long term) ...take loss if any in short PE

 

[amrutham]

I’m a bit curious to understand what would your move be for Tata motors - as buying the stock in delivery for long term was your core intention.

It’s almost close to 275 now itself and the 270 put is commanding a premium close to 8.5

Let us know. Thanks.


Cheers
AK

By expiry if it closes below 270, it does not matter how much lower it closes.

Where ever it closes, my effective buy price will be 265*1500 = around 4 lakhs

 

[arunkarthik]

I’m a bit curious to understand what would your move be for Tata motors - as buying the stock in delivery for long term was your core intention.

It’s almost close to 275 now itself and the 270 put is commanding a premium close to 8.5

Let us know. Thanks.


Cheers
AK

I’m a bit curious to understand what would your move be for Tata motors - as buying the stock in delivery for long term was your core intention.

It’s almost close to 275 now itself and the 270 put is commanding a premium close to 8.5

Let us know. Thanks.


Cheers
AK

on expiry if it going close below then he take delevery of shares(for long term) ...take loss if any in short PE

Yes, I understand that very well.

Since the expected price has hit almost on the very same itself(closely) and that the expiry is very very far from now, premium would move up exponentially from here on for any more fall.

Plus, his desired rate to purchase the stock is almost in.

Keeping these two into consideration, I wanted to see an ace trader/investor’s move in this situation.



Cheers
AK