Another day of big fall.

NIFTY came down by 252 points and kept falling throughout the day.

We tried to get TATASTEEL PUT 430 and RELIANCE PUT 1180 below Rs. 2000 but both eluded us. So we remained with our existing trades only.

Both TATAMOTORS and SUNPHARMA closed negative for the day and our PUT prices went up few points.

The position:

And I find it interesting that some readers are actually trading these far away options.

One of the comments posted by a reader :

  • Sir, booked profit in Hero motors (put 2400) @ 81. Sun pharma and Tata motors holding. Didn’t got Tata steel and Reliance

  • i understand that you are talking about Rs. 2000 options.

    Luckily you went for HEROMOTOCO 2400 PUT for slightly higher price than Rs. 10.00 and it became a very good trade.


    It makes my day whenever a reader achieves some trading success. That is the whole purpose of this site.

    While knowing the fact that most of the trades will go wrong, we have to strive for remaining profitable on the back of few good trades. Those trades will come through a combination of patience, belief and luck.

    So we keep on trying.

    New Trade :

    With the market going sharply over past two days, volatility has gone up. With that option premiums have gone higher. I tried to find some likely bargain but did not see any.

    We do not take a trade today and stay with the present two trades.

    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.