This is how October Series ended. The 18 days of trading saw huge volatility. We had to pay very high premiums and managed to squeeze out some profit at the end. All because of one good trade in HINDPETRO.
Time to move on.
November Expiry is on 29-11-2018. That gives us 23 days of trading with two holidays during the month. Volatility is not coming down in a hurry, so being cautious is the key.
Over last 30 days 43 NIFTY stocks are losers.
To me this sends the message that situation is real bad. We shall continue with the trend till the market tells us otherwise.
One of the weak stocks. PUT 700 at Rs. 16-18 looks fine.
PUT 230 around Rs. 4.00 can turn out well.
There are many trades which could be taken. We shall talk about them after the weekend.
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.