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:
In a day, MTM loss has gone up from (-) 8845 to (-) 15333.
We had seen similar improvement in one day earlier but a loss hurts. As we are nearing the closing of trades, it is important to have a good day today.
Let us see whether that actually happens.
We stay with the trades.
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.