It was a difficult decision to wait with the trades on Friday.

It turned out to be good.

IDFCFIRSTB touched Rs. 50.00 in the early trades. PUT 51 became ITM and margin message was received. Hence the trade was closed at Rs. 1.50. PUT 51 made a high of Rs. 1.70 but was at Rs. 0.80 by end of day.

Other trades did nothing much.

Position on July 23:

With SGX NIFTY indicating a gap down start to the market, will wait with the trades for some time and try to exit at whatever good price is possible.

Nothing much is left to be gained. We salvage whatever can be salvaged.

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.