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:

OptionActionQuantityPrice at entryPrice on 24/01/2023Profit/Loss
CALL 17000 FEB 23BUY1001220.00 (19/02)839.85(380.15)
PUT 19000 FEB 23BUY100840.00 (19/02)1256.30416.30
CALL 18100 JAN 25SELL100114.50 (19/02)1.40 (Closed 25/01)113.10
PUT 18100 JAN 25SELL100105.50 (19/02)175.00 (Closed 25/01)(69.50)
CALL 17900 FEB 02SELL100182.00 (25/02)72.00110.00
PUT 17900 FEB 02Sell100135.00 (25/02)298.00(163.00)

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.