Yesterday was the reverse of Wednesday. We saw all the 12 banking stocks of this index moving up on Wednesday. All the 12 moved lower yesterday and it was a parade.

This was a problem which was anticipated.

I had written this yesterday.

This is how the trades were closed:

The result of these tradesssss:

This profit of Rs. 7706 is lower than what it was a day ago but considering the down move that came after this, it was good to be out of trades.

Summary for November Series:

Set 1 = (-) Rs. 14648

Set 2 = Rs. 36080

Set 3 = Rs. 15506

Set 4 = Rs. 7706

Profit for the series = Rs. 44544.

A very good month for this strategy. We hope it continues like that in future too.

Set Up for December 2020 Series:

Tentatively the set up would be:

Sell HDFCBANK PUT 1300 @ Rs. 27.00

Sell ICICIBANK PUT 460 @ Rs. 16.00

Sell KOTAKBANK PUT 1740 @ Rs. 55.00

Buy 3 lots BANKNIFTY 27000 PUT DEC 31 EXP @ Rs. 480

Credit —- Rs. 22580.

In actual trading, the prices shall vary and we may have to change the strikes too if the stock prices move up too high or low.

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.