There was no post yesterday as I was busy in a family function.

Nifty was absolutely flat on Tuesday. On Monday, it was a big gainer. With all it has done since Thursday, it is still close to 18100 level which suits us fine.

Let us see how Nifty at 18118 on Tuesday affected our trades.

MTM on Friday, January 20 was 17.15 points.

Status on January 24:

OptionActionQuantityPrice at entryPrice on 24/01/2023Profit/Loss
CALL 17000 FEB 23BUY1001220.001216.00(4.00)
PUT 19000 FEB 23BUY100840.00817.80(22.20)
CALL 18100 JAN 25SELL100114.5054.9059.60
PUT 18100 JAN 25SELL100105.5036.0069.50
102.90

In two days, the trades have performed very well and MTM has moved up to 102.90 points.

With SGX NIFTY down 47 points at 8:40 AM, we may see 18100 PUT gaining a bit and 18100 CALL shedding few points. As long as the move is not big, we may see some more points being added to MTM position today.

As today is the weekly series expiry, we need to close the JAN 25 series options and SELL ATM CALL and PUT for FEB 02 expiry.

That is the action for the day.

Looking forward to the 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.