Volatility is the name of the game. It is a double edged sword. One has to handle this sword rightly to avoid self  injury.

Yesterday was another example of the same kind.

I got out of IDEA PUT 37.5 at Rs. 2.00 and TATAMTORS PUT 180 at Rs. 9.50.

Other trades are still on.

NASDAQ lost more than 4 percent on Wednesday. SGX NIFTY is down 99 points as I write and we can expect further down move.

Expiry Trades: 

RELCAPITAL PUT 230 is not working out for us. I would go for PUT 240 at Rs. 2.15-2.50. I may even go up to Rs. 3.00 if the opening is gap down.

SBIN PUT 255 at Rs. 1.50 — 2.25 depending on the opening prices.

Trade cautiously, trade profitably.

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.