iCharts Discussions

[shanticomq]

Happy Holi To all Ichartians




Sanjay

[Alchemist]

Exited all option positions today and sold 2 lots of 21100 PE at 265

Trade currently open

BNF Fut shorted at 20750
BNF 2 lots 21100 PE sold at 265


Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points

Total profit booked till now = 547 points


Cheers
SH

[Alchemist]

Made some adjustments this morning.

Booked 1 lot 21100PE at 241
Sold 1 lot of 20500 PE at 70 but booked intraday itself at 56
Sold 1 lot of 21000 PE at 165
Sold 1 lot of 20900 PE at 166


Trade currently open

BNF Fut shorted at 20750
BNF 21100 PE sold at 265
BNF 21000 PE sold at 165
BNF 20900PE sold at 166


Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit


Total profit booked till now = 585 points


Cheers
SH

[Alchemist]

Made one adjustments this morning.

Exited 20900 PE at 94 & sold 21300PE at 222


Trade currently open

BNF Fut shorted at 20750
BNF 21100 PE sold at 265
BNF 21000 PE sold at 165
BNF 21300 PE sold at 222


Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit

Total profit booked till now = 657 points


Cheers
SH

[Alchemist]

Made one adjustments this morning.

Exited 21100 PE at 146 & sold 20900PE at 88 instead


Trade currently open

BNF Fut shorted at 20750
BNF 21000 PE sold at 165
BNF 21300 PE sold at 222
BNF 20900 PE sold at 88


Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit

Total profit booked till now = 776 points


Cheers
SH

[Alchemist]

another adjustment.

Sold 21500 CE at 98


Trade currently open

BNF Fut shorted at 20750
BNF 21000 PE sold at 165
BNF 21300 PE sold at 222
BNF 20900 PE sold at 88
BNF 21500 CE sold at 98


Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit

Total profit booked till now = 776 points


Cheers
SH[/quote]

[Alchemist]

Todays adjustment

BNF 21500 CE booked at 70 and sold 21200 CE at 183 instead this morning.


Trade currently open

BNF Fut shorted at 20750
BNF 21000 PE sold at 165
BNF 21300 PE sold at 222
BNF 20900 PE sold at 88
BNF 21200 CE sold at 183


Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit
BNF 21500 CE sold at 98, booked at 70 = 28 points profit

Total profit booked till now = 804 points


Cheers
SH[/quote][/quote]

[Alchemist]

one more adjustment today

Exited 20900 PE at 88 and sold 21100 PE at 183 instead.


Trade currently open

BNF Fut shorted at 20750
BNF 21000 PE sold at 165
BNF 21300 PE sold at 222
BNF 21200 CE sold at 183
BNF 21100 PE sold at 153


Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit
BNF 21500 CE sold at 98, booked at 70 = 28 points profit
BNF 20900 PE sold at 88, exited at 88 = no P&L

Total profit booked till now = 804 points


Cheers
SH[/quote][/quote][/quote]

[Alchemist]

made a couple of adjustments today.

Booked 21000 PE at 137 and sold 20800 PE instead at 75
Booked 21200 CE at 116 and sold 21100 CE instead at 160

Trade currently open

BNF Fut shorted at 20750
BNF 21300 PE sold at 222
BNF 21100 PE sold at 153
BNF 20800 PE sold at 75
BNF 21100 CE sold at 160

Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit
BNF 21500 CE sold at 98, booked at 70 = 28 points profit
BNF 20900 PE sold at 88, exited at 88 = no P&L
BNF 21000 PE sold at 165, exited at 137 = 28 points profit
BNF 21200 CE sold at 183, exited at 116 = 67 points profit

Total profit booked till now = 899 points


Cheers
SH

[Shlok]

Hi Alchemist,

I see that against the shorted Feature you always try to balance the delta with 3 or 4 open nifty option strikes at a time...

Just wondering what advantage you see in having multiple open nifty strikes against just selling a single strike.

[Alchemist]

made a few more today as BNF broke down dramatically during the day.

Booked 21300 PE at 310 and sold 21000 PE instead at 150
Also sold 21100 CE (23rd March at 49)

Trade currently open

BNF Fut shorted at 20750
BNF 21100 PE sold at 153
BNF 20800 PE sold at 75
BNF 21100 CE sold at 160
BNF 21000 PE sold at 150
BNF 21100 CE (23rd March) sold at 49

Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit
BNF 21500 CE sold at 98, booked at 70 = 28 points profit
BNF 20900 PE sold at 88, exited at 88 = no P&L
BNF 21000 PE sold at 165, exited at 137 = 28 points profit
BNF 21200 CE sold at 183, exited at 116 = 67 points profit
BNF 21300 PE sold at 222, exited at 310 = 88 points loss

Total profit booked till now = 811 points


Cheers
SH

[Alchemist]

Had exited 21100 CE at 68 yesterday itself.

Made some adjustments since morning

Booked 21100 CE at 100 and then sold 20900 CE at 190
Booked this 20900 CE at 143 just now
Exited 21100 PE at 333
Exited 21000 PE at 256
Sold 20800 PE at 153

Trade currently open

BNF Fut shorted at 20750
BNF 20800 PE sold at 75
BNF 20800 PE sold at 153

Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit
BNF 21500 CE sold at 98, booked at 70 = 28 points profit
BNF 20900 PE sold at 88, exited at 88 = no P&L
BNF 21000 PE sold at 165, exited at 137 = 28 points profit
BNF 21200 CE sold at 183, exited at 116 = 67 points profit
BNF 21300 PE sold at 222, exited at 310 = 88 points loss
BNF 21100 CE sold at 49, exited at 68 = 19 points loss
BNF 21100 CE sold at 160, exited at 100 = 60 points profit
BNF 20900 CE sold at 190, exited at 143 = 47 points profit
BNF 21100 PE sold at 153, exited at 333 = 180 points loss
BNF 21000 PE sold at 150, exited at 256 = 106 points loss

Total profit booked till now = 613 points


Cheers
SH

[Alchemist]

Exited all positions this morning for current month with a gross profit of 463 points


If anyone traded with just 1 lot BNF per leg, this would require 2 lakh capital and result in Rs 18520 gross profit which is a little over 9% reurns in the month almost risk free.

Positions closed till now

BNF 20000 PE sold at 145, exited at 111 = Profit 34 points
BNF 20500 PE sold at 289, exited at 224 = Profit 65 points
BNF 20700 PE sold at 368, exited at 389 = Loss 31 points
BNF 20500 PE sold at 234, exited at 324 = Loss 90 points
BNF 20800 CE sold at 293, exited at 231 = Profit 62 points
Sold 20800 CE at 293, exited at 331 = Loss 38 points
Sold 20200 PE at 214, exited at 156 = Profit 58 points
BNF 20700 PE sold at 286, exited at 333 = 47 point loss
Sold 20700 PE (9th march) at 84, exited at 20 = 64 points profit
Sold 20000 PE at 112, exited at 89 = 23 points profit
Sold 20300 PE at 235, exited at 208 = 27 points profit
Sold 20400 PE at 210, exited at 74 = profit 136 points
Bought 20600 PE at 360, exited at 108 = Loss 252 points
Sold 20700 PE (16th March) at 211, exited at 17 = profit 194 points
Sold 20500 PE (16 mar) at 183, exited at 7 = profit 176 points
Sold 20800 PE (16 mar) at 195 , exited at 29 = profit 166 points
BNF 21100 PE sold at 265, now exited at 241 = 24 points profit
BNF 20500 PE sold at 70, booked at 56 = 14 points profit
BNF 20900PE sold at 166, booked at 94 = 72 points profit
BNF 21100 PE sold at 265, booked at 146 = 119 points profit
BNF 21500 CE sold at 98, booked at 70 = 28 points profit
BNF 20900 PE sold at 88, exited at 88 = no P&L
BNF 21000 PE sold at 165, exited at 137 = 28 points profit
BNF 21200 CE sold at 183, exited at 116 = 67 points profit
BNF 21300 PE sold at 222, exited at 310 = 88 points loss
BNF 21100 CE sold at 49, exited at 68 = 19 points loss
BNF 21100 CE sold at 160, exited at 100 = 60 points profit
BNF 20900 CE sold at 190, exited at 143 = 47 points profit
BNF 21100 PE sold at 153, exited at 333 = 180 points loss
BNF 21000 PE sold at 150, exited at 256 = 106 points loss
BNF Fut shorted at 20750, exited at 20880 = 130 points loss
BNF 20800 PE sold at 75, exited at 124 = 49 points loss
BNF 20800 PE sold at 153, eited at 124 = 29 points profit


Total profit booked till now = 463 points


Cheers
SH

[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

Jan trade : BNF 464 points profit

Feb Trade : BNF 437 points profit

March Trade : BNF 463 points profit


Every month has been a profitable month till now since last 7 months , thats the magic of delta neutral strategy.

Cheers
SH

[pkholla]

[Exited all positions this morning for current month]

Alchemist: I understand from your posts that TV falls the most during last few days before NF/BNF close on last Thu of the month

They WHY are you exiting March options with 6 trading days still left??

Cheers, Prakash Holla