Yesterday was not good for us.
Absolutely flat as far as Nifty is concerned. With only a day left for expiry our stocks decided to move up today. As mentioned in my post yesterday, it was time to close the trades. I generally do not care for the options which go wrong but yesterday closed the trades in SUNPHARMA, HINDALCO, BEL, INFY as the price had moved far away from the strike price and there is just one day left.
Profit was booked in M&M and TATASTEEL Puts.
We now have 6 active trades remaining in BHARATFORG, HEROMOTOCORP, EICHERMOT, IDEA, L&TFH and RELINFRA.
This was the status yesterday .
We shall not take new trades today as getting out of these 6 trades will take up most of our time.
With SGX NIFTY up 80 points, the day is going to be tough for us. It is good that we are in a profitable situation . It would be prudent to exit quickly if the trades start going wrong.
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.