Delta Neutral Strategy (Long Nifty @ Long Puts)

[chheda]

Hi Harish,

To take profits from Nifty going north, we have only left with 200 Long futures (uncommitted).

Wastej

Hi WasteJ ,

We have 400 Long Nifty Fut.

Open Positions :
Long Nifty Future : 400
Long Put SP 2340 : 2000
Short Put SP 2360 : 200
Short Put SP 2380 : 300
Short Call sp 2460: 200

Thanks & Regards

Harish Chheda

 

[[email protected]]

Hi Harish,

Yes, I know that. You have already sold 200 SP2460 call options, against these long Nifty futures that leaves only 200 uncommitted Long futures.

I hope every thing is clear to you.

Regards,

Wastej

 

[nautilus]

Hi Wastej:

Thanks for your guidance I will follow up on your advice.

Nautilus

 

[nautilus]

Wastej Hi:

Here is the biz done today with my revised position:

Sold 200 Nifty futures @ 2450
Sold 400 Puts (sp 2350) 12.50

Here is my new revised open position (all for 29th Sep):

No Nifty futures
2000 long puts (sp 2340) @ 46
400 short puts (sp 2350) @ 12.50
200 shorts calls (sp 2480) @ 21.55

As per your previous posting 1000 short puts have not been executed so no open position there.

I will post the p/l after the markets close. Please check through my open positions and confirm that we are on the same wavwlength.

Thanks and regards

Nautilus

 

[chheda]

Hi Harish,

Yes, I know that. You have already sold 200 SP2460 call options, against these long Nifty futures that leaves only 200 uncommitted Long futures.

I hope every thing is clear to you.

Regards,

Wastej

Hi WasteJ ,

Thanks for your explanation

No Trade Today

To Day's prices (Name : open - high - low - LTP )
Nifty Fut : 2447.10 - 2450.00 - 2433.50 - 2448.00
Nifty Put SP 2340 : No Trade (prev. close 10)
Nifty Put SP 2360 : 11.50 - 14.00 - 11.50 - 14.00
Nifty Put SP 2380 : 9.25 - 19.90 - 9.25 - 16.50
Nifty Call SP 2380 : No Trade (prev. Close 77.85)
Nifty Call SP 2460: 30 - 31.50 - 27.50 - 30.75

Profit / Loss calc.

Long Nifty Fut
Closed out profit of 32000.00
Plus open profit 400 * (2448 - 2347) = 40400.00
Total Profit (closed) 32000.00 + (open) 40400.00 = 72400.00

Long Nifty Put SP 2340
2000 * (10 - 46) = (Loss) 72000.00

Short Nifty Put SP 2360
200 * (26 - 14) = 2400.00

Short Nifty Put SP 2380
300 * (21 - 16.50) = 1350.00

Short Nifty call SP 2460
200 * (29 - 30.75) = (Loss) 350.00

Total Profit = 72400.00 - 72000.00 + 2400.00 + 1350.00 - 350.00 = 3800.00

Open Positions :
Long Nifty Future : 400
Long Put SP 2340 : 2000
Short Put SP 2360 : 200
Short Put SP 2380 : 300
Short Call sp 2460: 200

Thanks & Regards ,

Harish Chheda

 

[joy_mitali]

HI NAUTILUS,
the file for u--
Regards,
joy_mitali

 

[joy_mitali]

Hi Wastej,
U may say---I m a born gambler----Though I never gambled in my life---I have lost sometimes---in these decisions ---I thought ---today was a day---where market could fall or even sustain up---I wanted to take a bit risk---I sold the calls---at the last moment today--when the marketwas up(mock buy)-----and sold the PUt (mock trade)when the market fell around 5pts----
Todays trade:Sold 3 contracts (300)NIFTY 2470CALL---at 25
SOLD 2 CONTRACTS(200)NIFTY 2370PUT---at 16.5
BOUGHT 2CONTRACTS(200)NIFTY 2370PUT--at 14
PLz PLz WASTEJ---dont be angry---for defying ur instruction----I now bet that MARKET will fall---the next 2 days will be decisive-----
PLZ---someone ake the P/L calc for me for 1 day--
Regards,
joy_MITALI

 

[[email protected]]

Hi Joy_Mitali,

I have no reason to be angry, remember the purpose here is to learn the trade, profit and loss of the trade do not matter, to me at least. Perhaps lack of time is the reason you want some one to help you to calculate the profit and loss of the trade. I strongly believe that the real learning is in doing this exercise. I will strongly recommend you to do it yourself; this exercise will open your mind and will let you know where exactly the trade is going. As far as I am concerned I just can't direct the trade without knowing where the trade stands. This is true in all my real trades as well.

I will be too happy to do some of your other work, if you do not have sufficient hours in a day.

Regards,

Wastej

 

[[email protected]]

Hi Harish,

You make me feel proud, you are indeed doing very good job, keeping the trade going on and posting in a manner that every one can understand, exactly what is going on.

No change in the trading plan, keep the plan as explained in yesterday's posting.

Thank you

Wastej

 

[[email protected]]

Hi Nautilus,

It seems due to not providing clear instructions; we are ended with an open call position, which is very risky. It is short 200 Calls (2 Contracts) SP2480. We should have not sold 200 Nifty futures at 2450. Anyhow mistake has been made and now it is time to correct it. Therefore, please buy 200 Nifty futures as soon as market opens and settles. Usually it takes about an hour for market to settle down. Your attempt should be to buy at the lowest possible price; in any case you should not go above 2450.

What is going on with position of Short 1000 put options SP2330, if you feel it was not executed, then please try to sell it now. You must get at least 10 rupees as premium per put option. If the premium is not there then we will wait and see how the trade develops.

In the mean while, should you have any question, please do not hesitate to contact me.

Thank you,

Regards,

Wastej