exited from calls @ 26 , now have 1 put 3500 @ 150
Hi Optimist,
Please always mention which month calls/puts you are buying.
I want to put some things in perspective. Please correct me if wrong. Here's a summary of your progress:
initial capital : Rs 25,000
Capital increased to : ~Rs 46,500 (3 trades)
Capital decreased to : ~Rs 16,000 (Bt 400 CE@100, Sld 400CE@26)
Until now you were trading with 60-100% of capital on one trade. Your last position employs 1% of your capital. This looks like a drastic change in strategy. Is it? Of course, I'm not pressuring you to reveal your strategy, please take your time if it's too early.
If I'm hoping correctly, this might be the best trade you've put on till date (even though IVs are way way up for option buying), results immaterial.
Regards,
Wapeye.