Sold Call option @ 181.7. I book Rs.4290 loss. That was a volatility showing its crooked fingers. Since the price hit the red line at 11619.85 am opening a new short position by buying NIFTY18SEP11800PE @ 203
Trade attivo
With Put option ofcourse as noted above. Trend bias as per the system has again changed to the short side.
Nota
Ending the day with Rs.3097.5 profit on the put option. Still carrying it over for the next session tomorrow. That swift down move cuts sharply the loss I incured on the call option thanks to the put option I bought as per the system.
Nota
Still holding 11800PE with a profit of RS.4800. Market took a cut today and that meant our put option brought in the profit pie.
Nota
Booked profit of Rs.7968.75 in 11800 PE. Rolled over short position to 11700 PE. This way we lock the profit and reduce our exposure risk in market. An important factor to profitability is money management and this is what we are doing here.
Nota
Holding Nifty Sep 11700 PE with Rs.412.5 profit. Hoping for more short side profits. Let see how market pans out tomorrow.
Trade chiuso manualmente
Today Nifty Spot hit the green Line indicating its time for trend reversal. So I sold Nifty Sep 11700 PE at 215.7 for a loss of Rs.2276.25.
Nota
So we make in total Rs.1402.5 profit in this whole call per lot of Nifty Option. Cheers. We are in the green. Happy trading.
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