Below are few options to trade for 16/11
1. Below is one strangle to make
a. Hindalco 175 CE
b. Hindalco 165 PE
Final Result:
It moved in the opposite direction completely, and would have made a loss of 40% or more in 3 hours. But I made strangle, that helped in not losing this much and in the last 3 hours, it kept me in some profit of around 500-1000.
Just after 30 mins, 165 PE came down, and 175 CE too, which gave me a loss of around 1000.
Just after 1 hour, it is giving 2000 loss. PE is coming down too heavily, and CE is not hardly changing because its too low and too far.
Then, I sold CE at some higher price and put buy at lower price, which helped in reducing that 2000 loss. After few such trades, I just had one PE, and luckily stock price got reduced only. So came into profit.
2. Bank of Baroda:
a. BankBaroda 165 PE
b. BankBaroda 180 CE
Today's Experience:
Sold 165 PE in loss, while 180 CE was making profit with expectations of it going more up. But market came down and both PE and CE came in loss. After some time, as Valine gave 178 CE call, I bought one more 180 CE,
I kept selling at higher prices and then putting a buy call at lower price.
Tips: When you need to sell, sell the option which is giving you profit first. If you are lucky you will make profit on both sides. But, if you have sold the option which was making loss. You can get maximum one trade in profit.
1. Below is one strangle to make
a. Hindalco 175 CE
b. Hindalco 165 PE
Final Result:
It moved in the opposite direction completely, and would have made a loss of 40% or more in 3 hours. But I made strangle, that helped in not losing this much and in the last 3 hours, it kept me in some profit of around 500-1000.
Just after 30 mins, 165 PE came down, and 175 CE too, which gave me a loss of around 1000.
Just after 1 hour, it is giving 2000 loss. PE is coming down too heavily, and CE is not hardly changing because its too low and too far.
Then, I sold CE at some higher price and put buy at lower price, which helped in reducing that 2000 loss. After few such trades, I just had one PE, and luckily stock price got reduced only. So came into profit.
2. Bank of Baroda:
a. BankBaroda 165 PE
b. BankBaroda 180 CE
Today's Experience:
Sold 165 PE in loss, while 180 CE was making profit with expectations of it going more up. But market came down and both PE and CE came in loss. After some time, as Valine gave 178 CE call, I bought one more 180 CE,
I kept selling at higher prices and then putting a buy call at lower price.
Tips: When you need to sell, sell the option which is giving you profit first. If you are lucky you will make profit on both sides. But, if you have sold the option which was making loss. You can get maximum one trade in profit.
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