iCharts Discussions

[Alchemist]

[Alchemist]

Fed rate hike news tonite hence exited all open BNF positions today as below.

Exited 23600 PE (15 Jun) at 198 and sold 23500 PE ( 15 Jun) at 137 instead.
Exited 23500 CE (15 Jun) at 71 and sold 23600 CE (15 Jun) at 40 instead
Exited 23500 PE June at 284
Exited 23000 PE (Jun) at 115
Exited 23600 CE (15 Jun) at 39
Exited 23500 PE (15 Jun) at 126

Attached is the excel file which shows 301 points profit booked this month till now. I will continue to update this excel file going forward as well and post it here.

I will open fresh trades after Fed rate hike news is baked in tomorrow.

No change in nifty open positions which remain in profits as well.

Cheers
SH

[Alchemist]

Opened fresh positions today morning and added 23 odd profit further by day end, so total profit including booked and M2M is 324 points.

Positions opened today:

sold BNF 23410
sold 23400 PE at 213
sold 23000 PE at 91
sold 22500 PE at 29

Excel sheet updated.

Cheers
SH

[Alchemist]

[Alchemist]

Some adjustments made today:

Exited 22400 PE at 178 and sold 23300 PE at 140 instead
Exited 22500 PE at 18 and sold 23000 PE at 65 instead

Profits now at 360+ points per lot as of todays closing prices.

Excel sheet updated.

Cheers
SH

[Alchemist]

[anilnegi]

Hello sir

what a impressive trading, did u get time to trade as u travelled a lot Sh, pls suggest some books or article to get good insight on how to trade like this, there are thousand of article in net about the strategy but dont know what to read and from where to start though i have basic knowledge of greeks, it look like another 315 strategy to add in arsenal

thanks

anil

[Alchemist]

BNF reversed it's intermediate trend this morning and rallied during the day which made us make some adjustments today:

Exited 23000 PE at 38 and sold 23500 PE (22 Jun) at 74 instead
Exited 23300 PE at 89 and sold 23500 PE (Jun) at 152 instead
Exited 23000 PE at 36 and sold 23400 PE (Jun) at 108
Exited 23500 PE at 83 and sold 23700 PE (Jun) at 149 instead
Exited 23400 PE at 58 and sold 23600 PE (Jun) at 111 instead
Exited 23500 PE (22 Jun) at 28 and sold 23500 PE (June) at 80 instead

Overall M2M profit as of today's closing price is 326 points (excel sheet updated).

Cheers
SH

[Alchemist]

No adjustments made today for BNF, the M2M profit as at today's close is 369 points which is a fresh high for this month.

Cheers
SH

[Alchemist]

Nifty strategy opened for June

A couple of adjustments done for the nifty trades in last 2 days.

Exited 9300 PE at 5 yesterday and had sold 9550 PE at 26 instead
Exited 9500 PE at 12 today and sold 9650 PE at 41 today
Exited 9550 PE at 18 today and sold 9650PE at 41 today

Positions currently open

9800 PE bought at 192
9600 PE sold at 74
9650 PE sold at 41 (two lots)

Positions booked till now

9300PE sold at 15, exited at 5 = 10 points profit
9550 PE sold at 26, exited at 18 = 8 points profit
9500 PE sold at 46, exited at 12 = 34 points profit

Total profit booked till now = 52 points


Cheers
SH

[Alchemist]

No adjustments made today for BNF, the M2M profit as at today's close is 415 points which is a fresh high for this month.

Cheers
SH

[Shlok]

Hi Alchemist,

Excellent run of profit...

I understand that the minimum budget for your Bank Nifty Delta strategy is 7 to 10 Lacks.

One query,
What minimum budget you have decided for this same Delta strategy in Nifty options ?

[Alchemist]

Bank nifty oscillated wildly yesterday and today and we had to make a few adjustments.

A week where BNF moved wildly, we still made a small 39 points profit (M2M profit closed at 399 points today as against 360 last Friday). NOt the most productive week, but not loss making either.

Cheers
SH

[Alchemist]

[Alchemist]

Steep fall in which Bank Nifty gave up 900 points in just 3 days ...in an overall bullish environment ....

Closed this month's strategy now with 346 points gross profit], total 40 trades in the month.

Excel sheet attached with all trades.

Cheers
SH