- Today all Global indices indicating negative and sgx nifty also indicates gap down.
- Market opened gap down and then quickly rallied 100 points in 10 min.
I created strangle @16900 PE to 17400 CE with hedges@ 100 Points each.- later market Moves higher Breaks yesterday Low i shifted my 16900 Pe to 1700 PE.
- At this time Calls are exploded and Puts not Decaying.so I moved My 17400 CE to 17450 CE
- @10 Again I Moved My 1700 PE to 17100 PE.
- @10.30 Nifty falls so I Moved My 17450 CE to 17400CE with Puts also Changed from 17100 to 17000PE
- It formes a base around 17200 to 17230 Range.
- I did Completely wrong Trade unnecessarily i moved to and back.
- This Created Huge loss.
- again @ 11 AM Nifty forms a base and Bounce Back
- So I aggressively Moved once again My Puts to 17150 from 17000.
- @ 12PM nifty touches Resistance zone and started falling.
- This created Panic situation to me so i again i moved puts to 17150 to 1700 and calls to 17400 to 17300.
- It tooks Support @ 17150 and again bounces.
- Today I totally Frustrated and done lot of adjustments today the whole thing i did was completely panic and option premium behaviour was gone mad.
- I am sitting on loss 6.3k and loss touches 10K
- At last after nifty takes support from 17150
- After it takes support from 17150 i again entered 17150 PE TO 17300CE
- And waited till 2.35 and after 2.30 i completely shifted my positions to 17300 CE
- at last all my losses become zero.My Mistakes
- Today i completely done wrong.
- unnecessarily move from up and down.
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