A look at BANKNIFTY yesterday.
AXISBANK and ICICIBANK were among the 4 Declines.
HDFCBANK was a gainer but not by much.
The loss in BANKNIFTY PUTS was bigger than the gain in the sold PUTS in the 3 stocks.
Instead of money coming in the bank, it went out yesterday.
Still in profit though reduced somewhat.
We stay with the trades and see where it takes us.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.