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.
Comments
Divyank August 9, 2018 at 8:54 am
sir, In results season quarterly results of a company can be announced in mid way and it can affect our trading system ,what to do for that ,should that trade be exited before the announcement?
ReplyVikas Gupta August 9, 2018 at 10:33 am
I came out from Dr Reddy. It has gone too far away and our option is going to expire worthless.
Replyadmin August 10, 2018 at 7:55 am
It s a decision to salvage some money out of a wrong trade. I generally accept the full loss. Getting out by booking part loss is like changing the stop loss.
ReplyGanesh August 9, 2018 at 4:26 pm
Tata motors is working awesomely smart on its support at 250-255 levels. The more force is required from the bears now.
Replyadmin August 10, 2018 at 7:52 am
All it needs is two three days to make or break.
In July I had PUT 270 gone down to Rs. 0.10 from Rs. 5.60.On expiry day, it was sold for Rs. 6.70.
Cheers.
ReplyDev August 9, 2018 at 6:55 pm
sir
Replywhat to do if we are in a trade and company is going to declare the results?
admin August 10, 2018 at 7:50 am
Sometimes it will benefit us. At other times it will harm our positions.Over a long term it does not matter at all.
So we do nothing and live with the plus and minus both.
Cheers.
ReplyMadan Mohan August 9, 2018 at 6:59 pm
Dear Sir, would your recommend Dabur India for Buy?
Replyadmin August 10, 2018 at 7:48 am
Dear Madan Mohan,
You are known for sharing your thoughts. I expect your views on the stock. You know I do not recommend buy/sell. I do the buying or selling in my account or sometime just work out a trade for experience.
Cheers.
Reply