It was going good. Then it became bad. Then it turned from bad to worse as the stocks kept moving higher throughout the day.
This is where buyer of options is protected. Trades may go wrong suddenly but the loss happens slowly. And it does not go beyond a point.
Both BHARTIARTL and SUNPHARMA moved higher yesterday and our notional profit was reduced.
This is normal.
Let us not get perturbed. We stay with the trades and do not take any new trade for the day.
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.