Hope, jubilation, despair and acceptance.

This happens with Option Buyers time and again. One learns to live with this.

Yesterday, Tata Motors opened down on the back of poor results and fell more than 5% to Rs. 250 in the first two minutes of trading. Then throughout the day, it climbed up sometimes slowly, sometime too fast for our comfort and ultimately we live with the fact that we still have to wait in this trade.

Hindalco was a new selection yesterday and was the good trade for the day.

NIFTY moved down slightly.

 

Did not do too much good for our PUT trades though HINDALCO PUT 195 worked out well.

DRREDDY kepy on going up and TATAMOTORS flattered to deceive.

Both the CALLS lost out some more and we are still looking at losses.

PUT BUYER :

CALL BUYER :

Both L&TFH and YESBANK recovered from the low points of the day.

New Trades :

PUT BUYER :

This is what Asia Markets look like this morning.

To expect NIFTY to do well in such situation is asking for too much. But we never know. Stranger things have happened.

HEROMOTOCO is weak. With interest rates going up ( 25 bps ) there is a likely impact on Automobile market. It made the low of Rs. 3033 just a weak ago. Though not a very volatile stock, the sectoral weakness should make the trade work.

PUT 3100 at around Rs. 24-26 would be a good choice. Maximum risk around Rs. 5000 ( Lot Size 200 ).

We are looking forward to stock going below 3000 over next few days. If that happens, we get Rs.100. Otherwise, we lose Rs. 25. Simple equation.

CALL BUYER :

Looking at Asian Markets, I am not going for any CALLS today.

Market opens in a few minutes. Let us see which way it goes.

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.