Expiry week is upon us. Our trades have 4 days to deliver or become worthless. Both the outcomes are on the cards.

NIFTY going down by 177 points on Friday was not of much help to our trades. COALINDIA and TITAN ended ip higher. SUNPHARMA and TATAMOTORS are so far gone that the money is as good as lost.

The status on Friday:

With no hope left in the two stocks mentioned above, we salvage whatever can be got from these trades. I am not a big fan of getting out of a losing trade but brokers are anyway going to close TATAMOTORS trade because of the physical settlement issues.

Or they may not as it is more than 3 strikes away. ( Strike interval being Rs. 5 in this case )

So we stay with all the trades.

New Trade :

ITC PUT 265 @ Rs. 0.70 -0.80 can work out very well if the stock just goes down 2% over next 4 days. More than 3%, it becomes a very good trade. With overall trend looking negative, this is a good trade.

Lot Size 2400 Maximum Risk Rs. 1920.

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.