Bank Nifty gained slightly on Friday.
Our bought BANKNIFTY PUT 30300 lost some value but the sold PUTS too lost the same which is a gain for us.
So far the strategy is working fine as expected.
What do we do now?:
Doing nothing is the best part of strategies. We did what we had to do at the beginning. Now we just wait and watch.
Patience, the great skill can be learnt from the strategies.
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.