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[VJAY]

I am in wait and watch mode with this position. Today also if BN trades in negative, I may adjust 26600 PE to 26500/26400 PE.

again it came into profit zone

 

[amrutham]

Entered into below BN position for 19th July expiry.

BN Spot @ 26780

Buy BN 26800 CE 600 Qty @ 130
Sell BN 27000 CE 1200 Qty @ 56
Buy BN 27200 CE 600 Qty @ 22

Net debit = 130 +22 - 112 = 40*600 = 24K

 

[amrutham]

VJAY,

Yesterday even though BN was coming down, PE premiums were not rapidly increasing. Hence wanted to see how it pans out today. Looks like a ranged market this week.

 

[nikhil_chinapa2]

Ratio Spreads has this kind of risk when the resistance level judgement fails... But Amrutham's position is good till close below 26500 which is quite far... apart from being a huge resistance zone

However I am also eager to know his management thoughts...

Amrutham's positions Gain chart is as below:

View attachment 26623

Hi

Am sitting with this open pos. Wish to prepare similar gain chart for positions held ? IS there any easy way for evry time we take position we may get it readily available any website etc ?

Regards

 

[mycall]

VJAY,
Yesterday even though BN was coming down, PE premiums were not rapidly increasing. Hence wanted to see how it pans out today. Looks like a ranged market this week.

Yes... I guess so.

Expecting max run till 27000 this series.

Gain Chart as below:

 

[VJAY]

Entered into below BN position for 19th July expiry.

BN Spot @ 26780

Buy BN 26800 CE 600 Qty @ 130
Sell BN 27000 CE 1200 Qty @ 56
Buy BN 27200 CE 600 Qty @ 22

Net debit = 130 +22 - 112 = 40*600 = 24K

Dear Amrutham,
Normally I hav seen you take risk of 20/below points in these strategy....but today you doubled Risk...Any thoughts?

 

[amrutham]

Entered into below BN position for 19th July expiry.

BN Spot @ 26780

Buy BN 26800 CE 600 Qty @ 130
Sell BN 27000 CE 1200 Qty @ 56
Buy BN 27200 CE 600 Qty @ 22

Net debit = 130 +22 - 112 = 40*600 = 24K

The way BN is going, don't know where it is going to stop. Hence closed this position.

BN Spot @ 27030

Buy BN 26800 CE 600 Qty @ 315
Sell BN 27000 CE 1200 Qty @ 160
Buy BN 27200 CE 600 Qty @ 70

Credit = 315+70 - 320 = 65*600 = 39K

Net Profit = 15K

 

[amrutham]

Dear Amrutham,
Normally I hav seen you take risk of 20/below points in these strategy....but today you doubled Risk...Any thoughts?

You are right. Generally the initial debit is in the range of 20-30 points and I avoid >30 points. Some how I felt confident about this trade and one more reason is having open position in the opposite direction.

 

[sreperu]

You are right. Generally the initial debit is in the range of 20-30 points and I avoid >30 points. Some how I felt confident about this trade and one more reason is having open position in the opposite direction.

Hi Amrutham,
Still the old position is open right ? means put ladder position...

 

[amrutham]

Hi Amrutham,
Still the old position is open right ? means put ladder position...

Yeah, the position is still open.