Welcome back to trading after the holiday on Independence Day.
We saw big moves in both directions in this week so far. On August 13, Nifty was down 183 points.
The position on that day became good.
The small loss from previous day turned into a reasonable profit.
But markets are fickle. The next day saw Nifty moving up 103 points and the same PUTS went down in a hurry.
It is always a see saw movement with option trades. Up in a day, down with a thud next day.
The small stakes ensure that we are not hurt badly with whatever is happening.
Still we are in with a small profit. How that changes from here on is best left to the markets.
We do not take a new trade for yet another day and see what the current trades do for 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.