We had decided to just sit and watch the drama yesterday as our trades were closed on Wednesday.
There was a good drama and at the end of day, there was some regret about closing the trades a day earlier.
The big move in NIFTY and not so big move in BANKNIFTY would have helped to cash out better profits for the week. But that is being wise in the hindsight. Had the market continued the down move instead of the big bounce back, we would be counting our loss.
We had booked a profit of Rs. 3521 in NIFTY and Rs. 1445 in BANKNIFTY trades.
Waiting for another day would have given a profit of Rs. 5888 and Rs. 3869 respectively.
Well, the past is over.
Time to set up for the expiry on September 17, 2020.
We know what is to be done.
Sell PUT 11400 and CALL 11500 for Sep 17 Expiry.
Buy PUT 11400 and CALL 11500 for Sep 24 Expiry
Sell PUT 22000 and CALL 23000 for Sep 17 Expiry
Buy PUT 22000 and CALL 23000 for Sep 24 Expiry
Once the trades are set up, all we need to do is wait and watch.
Trade cautiously, trade profitably.
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.