Nifty was sown 80 points on Friday, January 19. The closing was at 18027.65.
Our SOLD options are for 18100 strikes. As long as NIFTY remains within 100-150 points range from the sold strikes, the trades are likely to do well.
This was the status at end of day on January 20:
| Option | Action | Quantity | Price at entry | Price on 20/01/2023 | Profit/Loss |
| CALL 17000 FEB 23 | BUY | 100 | 1220.00 | 1153.95 | (66.05) |
| PUT 19000 FEB 23 | BUY | 100 | 840.00 | 895.00 | 55.00 |
| CALL 18100 JAN 25 | SELL | 100 | 114.50 | 71.80 | 42.70 |
| PUT 18100 JAN 25 | SELL | 100 | 105.50 | 120.00 | (14.50) |
| 17.15 |
The crawl forward has begun.
Let us see where we end up on January 25 expiry. The final outcome for February series will be known on February 16.
So fingers crossed and waiting is on.
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.
Comments
Nagaraju January 27, 2023 at 2:39 pm
Dont you think selling these options at the end of the expiry will be touch considering there are deep OTM options
ReplyPramod Kumar January 31, 2023 at 8:11 am
Nifty deep in the money options are not a problem. It is difficult to sell a high priced stock option. Cheers.
Reply