Another day, another all time high by NIFTY.
One would think with this kind of up move, Calls will do better. No such luck. YESBANK gave hopes but not much. GAIL gained slightly and L&TFH did nothing good. So much for the 60 point gain in NIFTY.
But the same gain was enough to spoil the PUTS. Except BIOCON, nothing worked for the day. I would not mind that if CALLS had worked, but we got hurt on both sides.
PUT BUYER :
CALL BUYER :
Do I start worrying and running away from my trades?
No. We have seen far worse positions in June and July and came out successful. Almost all trades are within the price range.
Let us have a look at NIFTY since July Expiry on July 28, 2018.
It has been a one way journey. One day was a loss of 10 points and another by 102 points only to be countered by 116 points gain the next day.
We just need a small correction to make our trades work. We just have to stay patient and stay in the trade to benefit from the move when it comes.
No new trades today.
Let us be patiently watchful with the existing trades.
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.