iCharts Discussions

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

BNF remains bearish and I have made a few adjustment.

Exited 19500 CE (in profit) and 19500 PE (in loss).

Added 2 bearish legs, sold 19200 CE and 19300 CE (Nov).

Current open position
Sold 20000 PE (Nov) at 410
Sold 19500 PE (Nov) at 239
Sold 19000 CE (Nov) at 750
Sold 19200 CE (Nov) at 415
Sold 19300 CE (Nov) at 361

Positions booked already
Sold BNF (Nov) at 19950, exited at 19588 = 362 points profit
Sold 19500 CE (3rd Nov) at 116, exited at 139 = 23 point loss
Sold 19500 CE (Nov) at 366, exited at 263 = 103 points profit
Sold 19500 PE (Nov) at 239, exited at 490 = 251 points loss

Cheers
SH[/quote]

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

We are going to get into big event tomorrow (US elections) and having shorted options before a big even can be disastrous. Therefore to hedge I need to either book shorted options or hedge by buying some options.

I am booking 19000 CE at 599 now (bearish leg profit booked)
I am also exiting 19200 CE at 463 and 19300 CE at 400.

I am buying 2 lots of 19400 PE at 363

Current open position
Sold 20000 PE (Nov) at 410
Sold 19500 PE (Nov) at 239
Bought 2 lots 19400 PE at 363

Positions booked already
Sold BNF (Nov) at 19950, exited at 19588 = 362 points profit
Sold 19500 CE (3rd Nov) at 116, exited at 139 = 23 point loss
Sold 19500 CE (Nov) at 366, exited at 263 = 103 points profit
Sold 19500 PE (Nov) at 239, exited at 490 = 251 points loss
Sold 19000 CE (Nov) at 750, exited at 599 = 151 points profit
Sold 19200 CE (Nov) at 415, exited at 463 = 48 points loss
Sold 19300 CE (Nov) at 361, exited at 400 = 39 points loss

Cheers
SH

rrsekhar · White Belt Joined: 21 Feb 2010 Posts: 196

Sir ji

how did your trades fare? can u enlighten us please?

regards
rrsekhar

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

I had bought 2 lots of 19400 PE before U election results at 363 which became 750 next morning which allowed me to book one lot. However as I had not updated the forum here with the same I will assume I never booked anything and still holding all positions

Cheers
SH

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

Exiting both lots of 19400 PE bought at 363 now at 170 (total loss 193 x 2 = 386 points)

I am selling 2 lots BNF 2000 CE at 232 instead

Current open position
Sold 20000 PE (Nov) at 410
Sold 19500 PE (Nov) at 239
Sold 2 lots BNF 20000 CE at 232

Positions booked already
Sold BNF (Nov) at 19950, exited at 19588 = 362 points profit
Sold 19500 CE (3rd Nov) at 116, exited at 139 = 23 point loss
Sold 19500 CE (Nov) at 366, exited at 263 = 103 points profit
Sold 19500 PE (Nov) at 239, exited at 490 = 251 points loss
Sold 19000 CE (Nov) at 750, exited at 599 = 151 points profit
Sold 19200 CE (Nov) at 415, exited at 463 = 48 points loss
Sold 19300 CE (Nov) at 361, exited at 400 = 39 points loss
Bought 2 lots 19400 PE at 363, exited at 170 = loss 386 points

Cheers
SH[/quote]

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

Often the position are not delta neutral but guess intention is so once the price starts to move in intended direction. This is an interesting series.

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

Yes - its difficult to be delta neutral always as sometimes carrying a small bias pays off well along with the Theta benefit.

If it goes the other way, any loss due to delta bias gets offset by Theta benefit.

Cheers
SH

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

Thnx for clarification.

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

BNF has turned bearish now on my charts hence time to add some bearish positions.

I am booking the 2 lots of 20000 CEs that I sold at 232 now at 106 and selling 2 lots of 19000 CE instead at 565

Current open position
Sold 20000 PE (Nov) at 410
Sold 19500 PE (Nov) at 239
Sold 2 lots BNF 19000 CE at 570

Positions booked already
Sold BNF (Nov) at 19950, exited at 19588 = 362 points profit
Sold 19500 CE (3rd Nov) at 116, exited at 139 = 23 point loss
Sold 19500 CE (Nov) at 366, exited at 263 = 103 points profit
Sold 19500 PE (Nov) at 239, exited at 490 = 251 points loss
Sold 19000 CE (Nov) at 750, exited at 599 = 151 points profit
Sold 19200 CE (Nov) at 415, exited at 463 = 48 points loss
Sold 19300 CE (Nov) at 361, exited at 400 = 39 points loss
Bought 2 lots 19400 PE at 363, exited at 170 = loss 386 points
Sold 2 lots of 20000 CE at 232, exited at 106 = profit 126 x 2 = 252 points

Cheers
SH

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

Booked both lots 20000 CE at 77 now and sold 4 lots 19700 CE at 200

Cheers
SH

AMBY · Yellow Belt Joined: 05 Sep 2014 Posts: 503

ravbahadur · White Belt Joined: 13 Jul 2011 Posts: 79

Alchemist Sir,

Please start a new thread for nifty future trading for intraday purpose if you have time.

Thank you sir.

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

Had booked 2 lots of 19000 CE sold at 565 at 70 yesterday (495 x 2 = 990 points profit)

Had sold 4 lots of 19700 CE (Nov) at 200 instead.Lets see how the positions are looking right now.

Current open position
Sold 20000 PE (Nov) at 410
Sold 19500 PE (Nov) at 239
Sold 4 lots 19700 CE at 200

Positions booked already
Sold BNF (Nov) at 19950, exited at 19588 = 362 points profit
Sold 19500 CE (3rd Nov) at 116, exited at 139 = 23 point loss
Sold 19500 CE (Nov) at 366, exited at 263 = 103 points profit
Sold 19500 PE (Nov) at 239, exited at 490 = 251 points loss
Sold 19000 CE (Nov) at 750, exited at 599 = 151 points profit
Sold 19200 CE (Nov) at 415, exited at 463 = 48 points loss
Sold 19300 CE (Nov) at 361, exited at 400 = 39 points loss
Bought 2 lots 19400 PE at 363, exited at 170 = loss 386 points
Sold 2 lots of 20000 CE at 232, exited at 106 = profit 126 x 2 = 252 points
Sold 2 lots 19000 CE at 565, exited at 70 = Profit 990 points

Cheers
SH[/quote]

Alchemist · Yellow Belt Joined: 09 Aug 2010 Posts: 853

Booked 4 lots of 18700 CE which were sold at 200 now at 48.

Sold 4 lots 18500 CE instead at 120 instead.

Current open position
Sold 20000 PE (Nov) at 410
Sold 19500 PE (Nov) at 239
Sold 4 lots 19500 CE at 120

Positions booked already
Sold BNF (Nov) at 19950, exited at 19588 = 362 points profit
Sold 19500 CE (3rd Nov) at 116, exited at 139 = 23 point loss
Sold 19500 CE (Nov) at 366, exited at 263 = 103 points profit
Sold 19500 PE (Nov) at 239, exited at 490 = 251 points loss
Sold 19000 CE (Nov) at 750, exited at 599 = 151 points profit
Sold 19200 CE (Nov) at 415, exited at 463 = 48 points loss
Sold 19300 CE (Nov) at 361, exited at 400 = 39 points loss
Bought 2 lots 19400 PE at 363, exited at 170 = loss 386 points
Sold 2 lots of 20000 CE at 232, exited at 106 = profit 126 x 2 = 252 points
Sold 2 lots 19000 CE at 565, exited at 70 = Profit 990 points
Sold 2 lots 18700 CE at 200, exited at 48 = 152 x 4 = Profit 608 points

Cheers
SH[/quote][/quote]

shshah123 · White Belt Joined: 19 Mar 2011 Posts: 16

there looks unintentional miastake in sell 18700 lots are 2 and calculated 4 since u have traded u r best person to know fact but i am highly deligthed with ur strategy and subsequent modification in trades in line with market volatility it makes me proud to congradulate you i wish many good trades from you at this threshhold