Directional credit spread

[lokanathpai]

AS ON 08.09.17 POSITIONAL VALUE
SEP9700PUT BUY 2700 41.30 -111510.00
SEP9600PUT SELL 2700 28.80 77760.00
-33750.00
INCOME 52245.00
POSITIONAL VALUE -33750.00
NET 18495.00

 

[lokanathpai]

AS ON 15.09.17 POSITIONAL VALUE
SEP9700PUT BUY 2700 10.20 -27540.00
SEP9600PUT SELL 2700 7.60 20520.00
-7020.00
INCOME 52245.00
POSITIONAL VALUE -7020.00
NET PROFIT RS.45225.00


I CLOSED THIS POSITION.

Capital 2203493.8
Profit 45225.00
Net new Capital Rs. 2248718.8

 

[lokanathpai]

CAPITAL 2248719
RISK AMOUNT 10% 224872
INVESTIBLE AMOUNT 2023847


AS NIFTY DID NOT BREACH 9700 UPTREND IS MAINTAINED
MAX OPEN INT FOR OCT SERIES FOR PUT IS FOR STRIKE 9700

PUT 9700 37.65 A
HEDGE 9600 28.60 B
INCOMEA-B) 9.05
MAX LOSS (100-INCOME) 90.95

TRADEABLE POSITIONS LOTS(RISK AMT/MAX LOSS) 33

TRADE ON 15/09/17
OCT9700P SELL 2475 37.65 93183.75
OCT9600P BUY 2475 28.60 -70785.00
INCOME 22398.75

 

[lokanathpai]

POSITIONAL VALUE AS ON 21.09.17
OCT9700P BUY 2475 36.10 -89347.50
OCT9600P SELL 2475 27.20 67320.00
POSITIONAL VALUE -22027.50
RESULT 371.25


DUE TO NORTHKOREA EEFECT-MONITORING OF POSITION IS DONE ON PREVIOUS DAY 21.09.17

 

[lokanathpai]

I am repeating my trading strategy.
I am selling option premium for OTM options.
Option premium is a decaying nature.
If underlying does not exceeds the strike price, premium will lose its value as expiry date nears.
Hence, when I sell, I expect the underlying will not cross the strike price.
In that case I will retain the premium I sold.
Here I will not wait till the option expires, and I will book if I am sufficiently at profit-that I am able to retain at least 50% of the premium amount I have sold.
I donot know how to calculate Options Greeks.
I could not find a website which can give me readymade Option greek value.
Anyhow I am not worrying about them.
By employing large amount of capital, I hoping to reach that level, where I can generate sufficient income to support my living.
For deciding OTM strike I am depending on MAX OPEN interest and maximum trading range of the underlying for 5 months.
Ofcourse these will not guarantee that underlying will not cross the OTM strike price, but probability of doing so is more.

In Iron-condor I will chose the boundary values for OTM strike prices, within which the underlying used to move.

In directional credit spread I will decide on the prevailing trend on break support/resistence levels. Here I will play single side, i,e. either put(if bullish) or call(if bearish). As my OTM strike will be on support / resistence level, in trending market, probability of success is astonishingly 100%.
But North korea will cause problem as it can make an uptrend market to go into down trend.

 

[Subhadip]

Website: options tracker.com

Go for Greek value..

 

[lokanathpai]

Website: options tracker.com

Go for Greek value..

I could not find greek value. Please post link to the webpage.

 

[lokanathpai]

POSITIONAL VALUE AS ON 29.09.17
OCT9700P BUY 2475 85.50 -211612.50
OCT9600P SELL 2475 59.45 147138.75
POSITIONAL VALUE -64473.75
RESULT -42075.00

AS POSITIONAL VALUE LOSS EXCEEDED MY INITIAL INCOME I HAVE CLOSED THIS POSITION BOOKING LOSS
RESULT -42075.00
INCOME 22398.75
NET LOSS -19676.25

CAPITAL 2248718.8
NET LOSS -19676.25
CAPITAL AFTER BOOKING LOSS 2229042.5

 

[lokanathpai]

I opened new position

CAPITAL 2229043
RISK AMOUNT 10% 222904
INVESTIBLE AMOUNT 2006139

AS NIFTY DID NOT BREACH 9700 UPTREND IS MAINTAINED
MAX OPEN INT FOR OCT SERIES FOR PUT IS FOR STRIKE 9700

PUT 9700 85.50 A
HEDGE 9600 59.45 B
INCOME (A-B) 26.05
MAX LOSS (100-INCOME) 73.95

TRADEABLE POSITIONS LOTS(RISK AMT/MAX LOSS) 40-lots
3000

TRADE ON 29/09/17

OCT9700P SELL 3000 85.50 256500.00
OCT9600P BUY 3000 59.45 -178350.00
INCOME 78150.00

 

[Subhadip]

I could not find greek value. Please post link to the webpage.

There is one thing u r missing..that is Google....please do that...u will surely get it.


You can use Volhedge of Finideas......will take 15k.

Less than ur stop loss