I have not posted anything since January 25.
On January 24, 2023, NIFTY was at 18118 and the MTM gain was a very good 102.90 points.
A lot has happened since then.
Nifty closed at 17648.95 yesterday.
A big down move is not good specially when occurring within a trading week.
Let us see where we stand presently.
On January 25, exit was taken from PUT 18100 JAN 25 at Rs. 175 and CALL 18100 JAN 25 at Rs. 1.40.
Call 17900 FEB 02 was sold for Rs. 182 and PUT 17900 FEB 02 for Rs. 135.
The premiums were high because of the Union Budget to be presented on February 01, 2023.
Status of trades on January 30, 2023:
| Option | Action | Quantity | Price at entry | Price on 24/01/2023 | Profit/Loss |
| CALL 17000 FEB 23 | BUY | 100 | 1220.00 (19/02) | 839.85 | (380.15) |
| PUT 19000 FEB 23 | BUY | 100 | 840.00 (19/02) | 1256.30 | 416.30 |
| 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) | 72.00 | 110.00 |
| PUT 17900 FEB 02 | Sell | 100 | 135.00 (25/02) | 298.00 | (163.00) |
| 26.75 |
MTM has come down from 102.90 to just 26.75.
It could have been much lower or even a loss if Nifty had not recovered from the low of the day to close in the green.
We shall see more fireworks till February 02. Let us see where we stand on that day.
For today, we do just nothing and 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.
Comments
Kaustav January 31, 2023 at 1:59 pm
Sir I USED TO FOLLOW YOUR BLOG DURING MY INITIAL DAYS OF TRADING, Today I came here after a very long time, I would request you to kindly start a Youtube channel so that people can get to know the amazing work that you are doing
ReplyPramod Kumar February 7, 2023 at 7:14 pm
Thanks Kaustav for the kind words. I have been thinking about a Youtube channel for quite sometime, just not getting around to actually doing it. May take a little while more. Thanks again.
Reply