Month: February 2023
Money In The Bank — March 2023 Series — February 28, 2023
It was a good beginning for the series yesterday. After the initial flat showing, banking stocks came back strongly and were the shining spot in a falling market. Let us see how BANKNIFTY moved yesterday. The trades were set up around 10:30 AM when the index was flat. The credit received was less than what […]
read moreNifty Spread Trades — March 2023 Series — February 28, 2023
The downtrend in Nifty continued yesterday too. The decline is becoming worrisome now. When we set up these trades for the series on February 16, Nifty was trading near 18050. Yesterday, it went below 17300, though just by 1 point. Before close, there was a good recovery and it ended the day at 17392.70. This […]
read moreMoney In The Bank — March 2023 Series — February 27, 2023
We missed this series for the first two months of 2023. The reason was the very low initial credit realized. There was a plan to begin with February series but that too was missed. Many readers have approached me with suggestions to continue with the series. So, we set up the March 2023 series trades […]
read moreNifty Spread Trades — March 2023 Series — February 27, 2023
Nifty down move continued unabated on Friday. On Friday, February 17, a week earlier, the close was at 17944.20. The continued losing trend has put a lot of pressure on our trade setup and MTM has gone to (-) 154.90 on February 22. On Thursday, the loss came down a little and now it is […]
read moreNifty Spread Trades — March 2023 Series — February 24, 2023
It was a volatile day for NIFTY on expiry of February 2023 series. The range was small but the moves were in both directions. At around 1:30 PM, CALL 17550 FEB23 was bought back for Rs. 28.20 and PUT 18050 FEB23 bought back for Rs. 491.00. Just after that following trades were taken: CALL 17550 […]
read moreOption Trading Class — March 04, 2023 — Please Confirm Your Participation
Last few days in the market have left people wondering about where the market is headed. We forget that market was almost at same levels not very long ago. The day to day moves are always difficult to handle though they actually do not matter at all in the long term. OPTIONS TRADING is a […]
read moreNifty Spread Trades — March 2023 Series — February 23, 2023
There was no post yesterday. On Monday, February 20, Nifty had closed at 17844.60 and MTM loss for the setup was 30.05 points. Yesterday, Nifty was down to 17554.30. That is 290 points gone in two days and it certainly hot the trades badly. Normal course of action is to just sit through the turmoil […]
read moreOption Buying — February 2023 Series — February 21, 2023
Yesterday turned out to be lucky. After the initial flat trades, Nifty went lower and lower and finally was down 99.60 points. BANKNIFTY and FINNIFTY too were down. I had mentioned PUT trades in all these indices. BANKNIFTY PUT 41000 reached a high price of Rs. 524 but I kept waiting for more. That did […]
read moreNifty Spread Trades — March 2023 Series — February 21, 2023
Nifty down 91 points on Friday and 99 points yesterday meant that the index lost 190 points over two trading days. The gain from the SOLD Call option could not be more than the loss from SOLD PUT option. It was time for the trades to get into a losing position. That happens and we […]
read moreOption Buying — February 2023 Series — February 20, 2023
Did nothing in February series except NIFTY CALL and PUT spreads. With just 4 days left to expiry in the series, it is time to take some calculated risks. These trades may work out or fail absolutely. The gains can be good if proved right. My choices today: (1) BANKNIFTY PUT 41000 FEB 23 @ […]
read more