We are down and out already having booked a loss of Rs. 28500 for September Series.

But nothing prevents us from watching the market.

Monday was a great day for watching. There was enough drama to keep everyone interested.

I would have enjoyed such situations in the days prior to October 2019 when SEBI messed up our option buying by the physical settlement requirement and the brokers putting restrictions on Option Buying in the expiry week.

HINDPETRO is now In The Money. Who knows where it goes in 3 days if the down trend persists ?

In June 2018, I had a trade in TATAMOTORS PUT 270 which went down to Rs. 0.05 on June 22, 2018 — Friday.

On expiry day, I closed the trade at Rs. 6.70 ( June 28, Thursday ). PUT 270 went up from Rs. 0.05 to Rs. 7.00.

But now the brokers will not allow us that possibility or we have become too risk averse after being down for so many months.

We keep watching. Whether trading or not, it is important to know what is happening. No trades yet for the October Series.

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.