I did not post yesterday.
On Tuesday, NIFTY was down from 18101 to 17914.
That did not reduce the MTM loss. Actually, the loss went up.
Yesterday, NIFTY shed another 18 points to move lower to 17895.
No help from this move as trades went into deeper loss.
Now, all the five trades are in loss.
Position on January 11:
|Scrip||PUT/CALL||Lot Size||Strike Price||Entry Date||Price at Entry||Price on 11/01/2023||Profit/Loss|
In two days, NIFTY has moved lower from 18101 to 17895 but this decline of 206 points has done nothing for these trades.
In fact, PVR PUT 1660 which had shown a price of Rs. 70 on Friday has gone back into a loss.
TATAMOTORS has made big gains over last 3 days, most of it on Tuesday to make PUT 370 almost worthless.
Where do we go from here?
If market going down did not help, what will happen if the market moves higher?
Only one way to find out — to stay with the trades.
We do that for yet another day and see where we end up today.
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.