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

[gmt900]

Entered into below BN positions for 21st June expiry.

BN spot @ 26550

Position 1:

Buy BN 26500 PE 200 Qty @ 170
Sell BN 26400 PE 200 Qty @ 132
Sell BN 26000 PE 200 Qty @ 36

Net Debit = 400

Position 2:

Sell BN 26500 CE 80 Qty @ 225
Sell BN 26600 PE 80 Qty @ 205

Net Credit = 34,400

Planning to hold both the positions until expiry.

View attachment 26042

Is position 2 called "Short Gut"? Was it taken because in your view spot may linger around 26500 - 26600 and you will get more premium than
vanilla short strangle? Spot seems to be declining . Will you adjust trade by selling additional calls?

 

[amrutham]

Is position 2 called "Short Gut"? Was it taken because in your view spot may linger around 26500 - 26600 and you will get more premium than
vanilla short strangle? Spot seems to be declining . Will you adjust trade by selling additional calls?

Yes,I think its called short gut. Not sure what the position 1 strategy is called.

Both the positions are taken with the view that BN will trade in 26000 - 27000 range this week.

If BN continues to decline, then I will adjust position 2 by selling 26200/26300 calls.

 

[anildnr]

Sold 26400ce and 26300pe combined 318 with slm of 185 each

Closed at 304

 

[superman]

Entered into below BN positions for 21st June expiry.

BN spot @ 26550

Position 1:

Buy BN 26500 PE 200 Qty @ 170
Sell BN 26400 PE 200 Qty @ 132
Sell BN 26000 PE 200 Qty @ 36

Net Debit = 400

Position 2:

Sell BN 26500 CE 80 Qty @ 225
Sell BN 26600 PE 80 Qty @ 205

Net Credit = 34,400

Planning to hold both the positions until expiry.

View attachment 26042

Position 2 is ITM one ,, Isnt it risky ? You effectively have close to 1 delta for one leg.(Either CE or PE depending upon if BN falls or rises )

 

[amrutham]

Position 2 is ITM one ,, Isnt it risky ? You effectively have close to 1 delta for one leg.(Either CE or PE depending upon if BN falls or rises )

Its a risky position and hence reduced the position size. Plan is to short 26200/26300 CE if BN is negative next week.

BN is getting attracted to that 26500 level like a magnet. If it stays near that level next 3-4 days, this position can give very good returns. Otherwise need to hedge it.

 

[amrutham]

Completed my first FYERS 30 day challenge.

Even though I was in good profit in the first half, most of the profits are gone owing to BN volatility.

On a capital of 2 lakhs, the final profit is around 6 K including expected brokerage refund.

Now going to increase capital a little bit.

 

[anildnr]

Completed my first FYERS 30 day challenge.

Even though I was in good profit in the first half, most of the profits are gone owing to BN volatility.

On a capital of 2 lakhs, the final profit is around 6 K including expected brokerage refund.

Now going to increase capital a little bit.

View attachment 26065

Good to see amrutham..

 

[bibbigaadu]

Entered into below BN positions for 21st June expiry.

BN spot @ 26550

Position 1:

Buy BN 26500 PE 200 Qty @ 170
Sell BN 26400 PE 200 Qty @ 132
Sell BN 26000 PE 200 Qty @ 36

Net Debit = 400

Position 2:

Sell BN 26500 CE 80 Qty @ 225
Sell BN 26600 PE 80 Qty @ 205

Net Credit = 34,400

Planning to hold both the positions until expiry.

View attachment 26042

What is this software? FYERS or any other software? New to trading sorry fot the rookie question

 

[amrutham]

What is this software? FYERS or any other software? New to trading sorry fot the rookie question

Its Nest Trader trading platform.

 

[anildnr]

26200pe 26500ce combined at 198 sold. Each with slm 130