Category: blog
Money In The Bank — March 2023 Series — March 24, 2023
It turned out to be a bad day as BANKNIFTY crashed towards the end of day. The fall was swift and big. All the 3 stocks closed in the red and so did our trades. Once again, two of the SOLD PUTS are now ITM and that spells trouble. Position at close on March 23: […]
read moreNifty Spread Trades — March 2023 Series — Closed Yesterday – March 24, 2023
It was another volatile day for Nifty yesterday. After making a low at 17045, Nifty shot up to cross 17200 and was looking strong. Then the slide began and it went below 17100 once again. First opportunity to close the trades came early in the day which was not taken hoping that index will move […]
read moreMoney In The Bank — March 2023 Series — March 23, 2023
Yesterday was a flat day for BANKNIFTY. We can see it from the chart of the day. There were 4 losing stocks and 2 of these were HDFCBANK and KOTAKBANK. It was good for us that ICICIBANK kept its head above water and helped the trades. At close, MTM position was slightly better than the […]
read moreNifty Spread Trades — March 2023 Series — To Close Today — March 23, 2023
It was again a positive day for Nifty on March 22, 2023. As Nifty moved further away from our best case scenario of Nifty at 17000, let us have a look at the status of trades. Option Action Quantity Price at entry Price on 22/03/23 Profit/Loss CALL 17000 MAR29 BUY 100 1210.00 (16/02) 259.00 (951.00) […]
read moreMoney In The Bank — March 2023 Series — March 22, 2023
It was a good day yesterday as BANKNIFTY made a strong up move. This is how the day had gone for this index. All our 3 stocks were gainers on this day and that worked like a charm. ICICIBANK and KOTAKBANK have now come above the sold strike prices and that is a big relief. […]
read moreNifty Spread Trades — March 2023 Series — March 22, 2023
Up on Friday, down on Monday, up again on Tuesday. That has been the story of last 3 days for NIFTY index. Yesterday, the gain was 119.10 points. For our trades, the best outcome is at 17000. Nifty moving above 17100 is not good and let us see the effect of this move. Position on […]
read moreMoney In The Bank — March 2023 Series — March 21, 2023
The going has been tough in the second set of March series. On Friday the trades could reduce some of the MTM loss as banking stocks made a positive move. Yesterday was a volatile day with BANKNIFTY going down sharply and then recovering a good part of the loss. It had gone below 39000 once […]
read moreNifty Spread Trades — March 2023 Series — March 21, 2023
Yesterday, Nifty gave back the gains made on Friday. It was down 111.65 points while the gain on Friday was 114.45. Two days have gone by with just 3 points difference. This suits our trades perfectly as both the sold options keep giving us small profit. Yesterday was good. Position on March 20: Option Action […]
read moreNifty Spread Trades — March 2023 Series — March 20, 2023
On Friday, nifty staged a very good recovery after being in the red for a brief while. We are holding SOLD CALL 17000 MAR 23 and PUT 17000 MAR23. Loss in one trade was made good by the gain in the other. But some points were given away by the BOUGHT options. Overall, we gave […]
read moreMoney In The Bank — March 2023 Series — Some Relief At Last — March 18, 2023
The second set with these trades had gone absolutely bad. With MTM loss reaching almost Rs. 40000 and time fleeting, there was not much chance of staging a comeback. Yesterday was a good day as it provided some relief from the suffering. BANKNIFTY closed with a good gain after a volatile show. And on this […]
read more