NIFTY fell 171 points yesterday.
That helped some of the trades.
It was possible to get ADANIPORTS PUT 660 for Rs. 8.60. Soon the stock price moved higher and the option price went to Rs. 7.00.
Suddenly there was a sharp down move which made the PUT price go up to Rs. 23.50. At this stage it looked real good. But poor option buyers are not destined for happiness for a longer time. By end of day, the price was down to Rs. 13.90.
ZEEL PUT 200 was bought at Rs. 2.90. This trade too went wrong initially but finally ended up at Rs. 3.15.
The fall in the price of IDFCFIRSTB also helped a little.
Looking better than where we were on Friday.
But the trades are still in loss. Not a new experience for option buyers.
We wait for the market action today and hope that something will click.
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.