The agony did not end yesterday. The pain never reduced.
Even when the index was falling and was down 100 points, our stocks were gaining.
They did not lose when the fall was happening, they went into overdrive when the V shape recovery happened. That was the straw that broke the camel’s back.
Our trades now lie shattered beyond repair.
We saw a price of Rs. 3.90 a few days ago for NTPC PUT 80. Could not get out and are now looking at Rs. 0.20. Option buying can be very cruel.
For me it is like living by the sword and dying by it. This all or nothing approach either brings fantastic results or absolute agony.
I shall ruminate over these issues over the weekend as I stay with the trades for the day. There is not much left to lose.
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.