4th July trading challenge update
Nifty
I am carrying forward below Nifty position . I expect volatility will increase due to budget session. Increase in volatility will compensate loss in time value as we are still in 1st week of contract.
NIFTY 25 Jul 2019 11900.0 CE 150
NIFTY 25 Jul 2019 12200.0 CE -225
NIFTY 25 Jul 2019 12400.0 CE 150
Option Greeks
Delta: 44
Vega: 334
Theta -157
Property of strategy
Total capital 3.2 lakh.
Maximum loss 18500
Maximum profit unlimited
Brake even 12025
Exit plan Nifty spot 12400 or 3% of capital deployed i.e. 9600 by 5th July
Adjustment
1. The position will require adjustment if Nifty spot is trading below 11900. Square off 12400 CE
2. If Nifty trades above 12200, square off 12200 CE
Banknifty
There is no open position
Profit in 4th July expiry trading 2435
Loss in 11 th July straddle -3380
The loss attributes to followings
1. Not closing 11th July CE buy while closed CE short of 4th July.
2. Asymmetrical long straddle on expiry day
Crude oil
Loss - 330
Equity SIP
LT
BHEL
NCC
HUL
Titan
VIP industry
Lesson learned: There is subtle difference between trading as a business and speculation. This is most critical obstacle to become a consistent trader.
Some of you requested for the rational of my analysis and I will write a long post on that soon.
Click below link to read the details of 100 day challenge
Can I make living with short term swing trading ?
Nifty
I am carrying forward below Nifty position . I expect volatility will increase due to budget session. Increase in volatility will compensate loss in time value as we are still in 1st week of contract.
NIFTY 25 Jul 2019 11900.0 CE 150
NIFTY 25 Jul 2019 12200.0 CE -225
NIFTY 25 Jul 2019 12400.0 CE 150
Option Greeks
Delta: 44
Vega: 334
Theta -157
Property of strategy
Total capital 3.2 lakh.
Maximum loss 18500
Maximum profit unlimited
Brake even 12025
Exit plan Nifty spot 12400 or 3% of capital deployed i.e. 9600 by 5th July
Adjustment
1. The position will require adjustment if Nifty spot is trading below 11900. Square off 12400 CE
2. If Nifty trades above 12200, square off 12200 CE
Banknifty
There is no open position
Profit in 4th July expiry trading 2435
Loss in 11 th July straddle -3380
The loss attributes to followings
1. Not closing 11th July CE buy while closed CE short of 4th July.
2. Asymmetrical long straddle on expiry day
Crude oil
Loss - 330
Equity SIP
LT
BHEL
NCC
HUL
Titan
VIP industry
Lesson learned: There is subtle difference between trading as a business and speculation. This is most critical obstacle to become a consistent trader.
Click below link to read the details of 100 day challenge
Can I make living with short term swing trading ?
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