Tuesday June 19, 2018.

NIFTY opened low and stayed low throughout the day. Ended near the low point of the day. Where does it go from here? Let us see over next few days.

Two of our PUT selections made new 52 week lows.

VEDL and UPL. Let us hope that they keep with the downtrend for few more days. BHEL also gave back the gains of yesterday and some more. I expect this stock to go below the previous low. Let us hope that I am right. We need to be right to get out of the situation we are in.

Here is the current status:

Better than the previous day but still not out of woods.

The problem is that when NIFTY goes down, our CALL options become losers.

And most of the PUT options have lost value due to time decay.

But that is the life of a option buyer. Making profit is not an easy game. It is never a straight and narrow path. There are numerous pitfalls on the way which have to be negotiated.

Had these been futures, the result would have been this:

I wish life could be so simple for option buyers.

I know even with my wishing it is not going to change. So let us stay in the trades and stay strong for one more day.

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.