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

[nikhil_chinapa2]

Hi Amrutham

Would love to know your opinion on my open posistions. Please see.

 

[amrutham]

Entered into below BN position for tomorrows expiry.

BN spot @ 27120

Buy BN 27300 PE 600 Qty @ 158
Sell BN 27200 PE 1200 Qty @ 100
Buy BN 27100 PE 600 Qty @ 60

Net debit = 158 + 60 - 200 = 18*600 = around 11K

P

 

[amrutham]

Hi Amrutham

View attachment 26689

Would love to know your opinion on my open positions. Please see.

I would make the below adjustments If I am in similar situation.

Hedge both 27200 CE positions by selling corresponding 27200 PE of the same quantity.
If margin is not a problem I will keep 26600 PE open, until BN breaks 27000.

 

[VJAY]

Entered into below BN position for tomorrows expiry.

BN spot @ 27120

Buy BN 27300 PE 600 Qty @ 158
Sell BN 27200 PE 1200 Qty @ 100
Buy BN 27100 PE 600 Qty @ 60

Net debit = 158 + 60 - 200 = 18*600 = around 11K

P

Dear Amrutham,
When you taking entry you check BNF spot price of Future price?

 

[amrutham]

Dear Amrutham,
When you taking entry you check BNF spot price of Future price?

Its futures price only.

 

[nikhil_chinapa2]

I would make the below adjustments If I am in similar situation.

Hedge both 27200 CE positions by selling corresponding 27200 PE of the same quantity.
If margin is not a problem I will keep 26600 PE open, until BN breaks 27000.

Thanks a ton bro.

 

[nikhil_chinapa2]

I would make the below adjustments If I am in similar situation.

Hedge both 27200 CE positions by selling corresponding 27200 PE of the same quantity.
If margin is not a problem I will keep 26600 PE open, until BN breaks 27000.

Amrutham

Sorry to bother , but am planning to hold these and let them expire. Should be fine ? right .

Market is brutal, knowledge is our only weapon cum defender.

 

[amrutham]

View attachment 26699
Amrutham

Sorry to bother , but am planning to hold these and let them expire. Should be fine ? right .

Market is brutal, knowledge is our only weapon cum defender.

Market is always right. The only thing we can do is adjust our positions as per market movement.

It seems to be too volatile. Be careful with naked shorts.

 

[amrutham]

Entered into below BN position for tomorrows expiry.

BN spot @ 27120

Buy BN 27300 PE 600 Qty @ 158
Sell BN 27200 PE 1200 Qty @ 100
Buy BN 27100 PE 600 Qty @ 60

Net debit = 158 + 60 - 200 = 18*600 = around 11K

Really surprised by the sudden downward movement. Made below adjustment to the position.

BN spot @ 26990

Sell BN 27000 CE 120 Qty @ 115

Credit = around 14K

Net credit = 3K

 

[mycall]

Market is always right. The only thing we can do is adjust our positions as per market movement.

It seems to be too volatile. Be careful with naked shorts.

Yes... Naked shorts are most lucrative item but most dangerous if the trader doesn't have any counter plan or a S/L.

I got busted twice. Since then shifted to spreads.

But the interesting thing is in the name itself... 'OPTIONS'... it's says that the traders have many 'options' when dealing with options

It is better to keep juggling with combination that suits current position...

Amrutham is seems to have mastered the art