Today is the Union Budget presentation day.
The volatility of last few sessions is likely to see its peak today and then come down maybe tomorrow or few days later.
Yesterday NIFTY was flat but not without volatility.
Now, about the trades.
Position at end of day on January 31:
| Option | Action | Quantity | Price at entry | Price on 31/01/2023 | Profit/Loss |
| CALL 17000 FEB 23 | BUY | 100 | 1220.00 (19/02) | 863.05 | (356.95) |
| PUT 19000 FEB 23 | BUY | 100 | 840.00 (19/02) | 1205.10 | 365.10 |
| CALL 18100 JAN 25 | SELL | 100 | 114.50 (19/02) | 1.40 (Closed 25/01) | 113.10 |
| PUT 18100 JAN 25 | SELL | 100 | 105.50 (19/02) | 175.00 (Closed 25/01) | (69.50) |
| CALL 17900 FEB 02 | SELL | 100 | 182.00 (25/02) | 80.00 | 102.00 |
| PUT 17900 FEB 02 | Sell | 100 | 135.00 (25/02) | 257.50 | (122.50) |
| 31.25 |
A small improvement on 26.75 of previous day.
Today is likely to go both ways. Let us find out by staying with the trades.
SGX Nifty is giving a positive indication of 89 points at 9:00 AM but reality may be different.
Fasten your seat belts and get ready for the ride of the Budget 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.