Finally the expiry day is upon us. We would like to forget this month like a bad dream. Everything has gone wrong this month. NIFTY has made all time highs on multiple occasions but our CALL selections have become worthless. PUTS too have not done well and we are looking at a big loss after 3 profitable months earlier.

Till last month, these were the comments:

This month is more like this :

Both are deserved. A trader has to move on undeterred by the profits or losses. Losses hurt and they should but they should not cloud our judgement and impact our trading decisions.

This was NIFTY yesterday.

Too little too late.

Let us look at the not so pretty pictures of our trades.


Add to this another Rs. 5250 for TITAN CALL 980 bought at Rs. 7.00.

Only one trade out of 5 has gone right, that too not by much.


Put buying has ended up worse simply by the reason that there were more of these.

We look for the chance in HINDPETRO and IDEA today. Other than these 2 trades, rest are already worthless.

Out of the 2 trades mentioned yesterday, TATAGLOBAL has gone wrong. It was bought for Rs. 1.45 and is now trading at Rs. 0.85.

SBIN trade did not materialize.

It is time to move on to next month.

Such losses have happened earlier too and will happen again. What is required to be done is a review of the trades and our actions. We have to talk to ourselves about the same 3 essentials:

Having the belief that Option Buying is profitable.

Knowing your trades.

Knowing yourself as a trader.

We must have faltered somewhere and it is time to move forward with renewed faith.

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.