iCharts Discussions

[Alchemist]

Exited 17700 PE sold at 73 now at 138.
Sold 17500 PE (Jan) instead at 282

Open positions currently
Short 1 lot BNF now at 17943 (Jan)
Sold 1 lot 17500 PE at 212 (Jan series)
Sold 1 lot 17000 PE at 101 (Jan series)
Sold 1 lots of 17500 PE at 282 (Jan)

Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)

Cheers
SH

[Alchemist]

BNF is tunring mildly bullish now so booking 1 lot 17500 PE now at 159 and selling one lot 18000 PE now instead.

Open positions currently
Short 1 lot BNF now at 17943 (Jan)
Sold 1 lot 17500 PE at 212 (Jan series)
Sold 1 lot 17000 PE at 101 (Jan series)
Sold 1 lot 18000 PE at 319 (Jan)


Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)
Sold 1 lots of 17500 PE at 282 (Jan), exited at 159 (profit 123 points)


Cheers
SH[/quote]

[Alchemist]

The current month strategy has now smartly moved into profits (as below). BNF continues to be bullish on my charts and I will make further adjustment to the strategy as currently the delta is still mildly bearish and I want it to be mildly bullish.

Open positions currently
Short 1 lot BNF now at 17943, LTP 18144 (M2M loss 201 points)
Sold 1 lot 17500 PE at 212, LTP 106 (M2M profit 106 points)
Sold 1 lot 17000 PE at 101, LTP 45 (M2M profit 56 points)
Sold 1 lot 18000 PE at 319, LTP 241 (M2M profit 78 points)

Total M2M profit = 39 points


Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)
Sold 1 lots of 17500 PE at 282 (Jan), exited at 159 (profit 123 points)

Total Booked profit = 58 points

Cheers
SH

[Alchemist]

Booking 17500 PE at 75 now and selling 18300 PE at 282 instead.

Open positions currently
Short 1 lot BNF now at 17943
Sold 1 lot 18000 PE at 319
Sold 18200 PE at 288
Sold 18300 PE at 282

Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)
Sold 1 lots of 17500 PE at 282 (Jan), exited at 159 (profit 123 points)
Sold 1 lot 17000 PE at 101, booked at 36 (profit 65 points)
Sold 1 lot 17500 PE at 212, booked now at 75 (profit 137 points)

Total Booked profit = 260 points

Cheers
SH

[Alchemist]

BNF stayed sideways (and charts remain bullish). All sold puts are OTM now so need to balance the delta again. Therefore booking 18000 PE at 147 and selling 1 lot of 18400 PE at 300 instead.

Open positions currently
Short 1 lot BNF now at 17943
Sold 18200 PE at 288
Sold 18300 PE at 282
Sold 18400 PE at 300

Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)
Sold 1 lots of 17500 PE at 282 (Jan), exited at 159 (profit 123 points)
Sold 1 lot 17000 PE at 101, booked at 36 (profit 65 points)
Sold 1 lot 17500 PE at 212, booked now at 75 (profit 137 points)
Sold 1 lot 18000 PE at 319, booked at 147 (profit 172 points profit)

Total Booked profit = 432 points

Cheers
SH

[Alchemist]

M2M profit of this current trade running is 262 points now, this is even after my original trade was bearish and BNF has been bullish since. Simply through trade management the loss has got converted to profit now.

I am holding it for more as now in the second half of the month options Theta increases i.e the premium erosion will be much faster with every passing day.

Open positions currently
Short 1 lot BNF now at 17943, LTP 18450 (M2M loss 507 points)
Sold 18200 PE at 288. LTP 141 (M2M profit 147 points)
Sold 18300 PE at 282, LTP 175 (M2M profit 107 points)
Sold 18400 PE at 300, LTP 217 (M2M profit 83 points)

Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)
Sold 1 lots of 17500 PE at 282 (Jan), exited at 159 (profit 123 points)
Sold 1 lot 17000 PE at 101, booked at 36 (profit 65 points)
Sold 1 lot 17500 PE at 212, booked now at 75 (profit 137 points)
Sold 1 lot 18000 PE at 319, booked at 147 (profit 172 points profit)

Total Booked profit = 432 points

Cheers
SH

[Alchemist]

BNF continues to be bullish so I am exiting 18200PE and 18300 PE both and selling 2 lots of 18700 PE instead.

Open positions currently
Short 1 lot BNF at 17943
Sold 18400 PE at 300,
Sold 2 lots of 18700 PE at 223

Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)
Sold 1 lots of 17500 PE at 282 (Jan), exited at 159 (profit 123 points)
Sold 1 lot 17000 PE at 101, booked at 36 (profit 65 points)
Sold 1 lot 17500 PE at 212, booked now at 75 (profit 137 points)
Sold 1 lot 18000 PE at 319, booked at 147 (profit 172 points profit)
Sold 18200 PE at 288. booked at 73 (profit 215 points)
Sold 18300 PE at 282, booked at 115 (profit 167 points)

Total Booked profit = 850 points

Cheers
SH

[Alchemist]

BNF remains bullish but may get exhausted soon...so I am booking all BNF puts again and selling 2 lots of 18900 PE instead at 232

Open positions currently
Short 1 lot BNF at 17943
Short 2 lots 18900 PE at 232

Positions booked
Sold 1 lot BNF 17700 PE at 73, exited at 138 (Dec series) (65 points loss)
Sold 1 lots of 17500 PE at 282 (Jan), exited at 159 (profit 123 points)
Sold 1 lot 17000 PE at 101, booked at 36 (profit 65 points)
Sold 1 lot 17500 PE at 212, booked now at 75 (profit 137 points)
Sold 1 lot 18000 PE at 319, booked at 147 (profit 172 points profit)
Sold 18200 PE at 288. booked at 73 (profit 215 points)
Sold 18300 PE at 282, booked at 115 (profit 167 points)
Sold 18400 PE at 300, booked now at 76 (profit 224 points)
Sold 2 lots of 18700 PE at 223, booked now at 148 ( 75 x 2 = 150 points)

Total Booked profit = 1224 points

Cheers
SH

[Redlionviji]

Nice Going Alchemist sir...Your Trade management is Really superb!!....Congratulations...U r real Master of Hedge trades...Keep it up sir.. Iam expecting Spot nifty view on comming days: spot Nifty broken w pattern...pattern tgt 8600(and also today support Pcr values)...support 8250 to 8300...Now Rsi is overbought condition...still no bearish reversal...current res 8440...expecting small down then rise(but still no bearish reversal)...today also shown bullish strenth...

[Alchemist]

A quick summary of results of all trades taken in this thread since Sep 16


Sep trade : BNF profit booked 596 points

Oct trade : BNF profit booked 465 points

Nov trade : BNF 50 points profit (800 points if I include puts bought)

Dec 2 trades : BNF 90 points profit (just held for one day) & Nifty 365 points profit

Currently Jan trade in BNF is running with around 300+ points profit.. still holding for more.

Every month has been a profitable month till now, thats the magic of delta neutral strategy.

Cheers
SH

[paa]

Dear Alchemist
Thanks a lot to you for evolving me as a profitable trader. before this i was struggling to manage the option selling. Still there is lot to learn.

[Redlionviji]

Yes sir...Really solid and very safe strategy...and also u r real expert of this strategy...but how to taken positions...when to made adjustments? when to book profit...entry, exit ,adjustments how to make this dnt know sir...if u dnt mind ple explain Brefily on this strategy...Thanks sir...

[Alchemist]

[paa]

Dear Alchemist
Please continue updating the post as it is for some more time.
We have to learn a lot from you. This is a new beginning for me. Please hold my hands until i stand on my feet firmly. This is a humble request!

[Redlionviji]