With NIFTY being down 80 points on Friday, our trades improved a little. It was less to do with NIFTY and more with PVR which was down more than 3%.

Position of trades on January 20:

ScripPUT/CALLLot SizeStrike PriceEntry DatePrice at EntryPrice on 20/01/2023Profit/Loss
UPLPUT130070029/12/2211.800.55(14625)
TATAMOTORSPUT142537029/12/227.800.20(10830)
ONGCCALL385015030/12/222.901.60(5005)
PVRPUT407166003/01/2322.1559.0014998
DEEPAKNTRPUT250190005/01/2340.0030.65(2588)
TOTAL(18050)

Well, it is time to close the trades.

PVR PUT 1660 is ITM and additional margin will be required to carry it further. Except DEEPAKNTR trade, other trades do not have anything left and we should not be expecting a miracle in 3 days left to expiry.

The trades shall be closed after watching the market moves for sometime today.

SGX NIFTY trend is not good for PUT trades as it is showing a likely gain of about 100 points at 8:30 AM.

Let us see how the day pans out.

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.