Another record high and record closing. Finally the day ended flat but not before a new high was made at 11620.70.

With NIFTY making these kind of moves, our PUTS were meant to go nowhere. These have already lost so much that further loss can not hurt much. Yesterday was the kind of day which gives small hopes and then takes them away. More about that later in the post.

NIFTY making the record high did nothing good for our CALLS. Strange paradox.

YESBANK, L&TFH, TITAN all ended lower. INDIABULLS has gone out of contention already. GAIL made a minor gain and unless it makes the move towards 400 in a big hurry, we are left out in the cold.

TITAN is not included in the chart above. You can work that out for yourself.

For the stocks in which we have bought PUTS, some of them moved lower though without any gain for us.

HINDALCO, TATAMOTORS, TATAGLOBAL, HEROMOTOCO, IDEA and HINDPETRO closed lower than previous day. We need these stocks to go much lower at a great speed for these trades to work out.

In the past these kind of positions have changed for our benefit. Let us hope at least in few cases it happens again.

In June Expiry, I had PNB PUT 80 bought at Rs. 2.40.  The char below shows the movement for the last 5 days before expiry. I had finally exited at Rs. 6.70 on Expiry day.

TATAMOTORS PUT 270 for the same month was bought for Rs. 5.60. On June 22, 2018 it had closed at Rs. 0.05.

See the move over next 4 days. I had finally made a small profit in this trade by getting out at Rs. 6.70.

If things have to go right, it will be done from impossible positions also.

We need to keep the faith in the market and accept whatever is given to us.

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.