The lazy trades did nothing for the day. Nifty being up more than 100 points and then going down by 40 points, both the situations did not add anything to the positions.
The series ended with a loss of almost Rs. 80000.
The top 10 heavy weights futures lost about Rs. 296000 in the one month period. That tells us that there is no strength in the market.
This knowledge may not help in making this strategy profitable but surely it can help us avoiding big investments at this stage.
Not so lazy part is having its own problems with deep ITM options not being traded at all. When no exits are possible, physical deliveries are to be taken. That adds to the cost of trading.
More about that part in tomorrow’s post.
New set up for the lazy trades will be done today.
Stay lazy, stay happy.
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.