It did not matter what NIFTY did.
We were in an impossible position when the day began nd by end of day got deeper into the mess.
Nifty ended up positive and for all we know may continue the positive trend today as well.
None of the trades showed even the slightest mood to return even a small amount. The good luck with the trades which seems to have ended with March expiry is not making a return.
Some of the trades gave a chance like NTPC PUT 80 had moved up to Rs. 3.90 at some time. That was the time to cash and move to a lower strike. We did not do that and now we find that option at Rs. 0.10.
Well, for our trades in this series it is game over. It is time to close the trades or stay at the burning deck to give away the remaining small amount too.
Take your choice if you have come this far.
For me it is time to accept yet another bad month, yet another defeat.
I shall take a break for two days before resuming for November Series of trades.
Money In The Bank is doing well. Bucking the trend has done exceptionally well over last one month. But the trades in option buying are not giving the desired results.
I accept the market verdict and move on.
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.