On Friday, we had planned to take two sets of trades.
One in BANKNIFTY Put spreads, other set in ITC Call spread.
Both the sets were taken though the initial credit in ITC was not as much as expected.
ITC moved higher as the day progressed whereas BANKNIFTY ended up flat.
At close the positions were like this:
We stay with the trades and find out what the day holds for us.
No new trade for the day.
Trade cautiously, trade profitably.
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.