hi all,
I have been paper trading shorting options and the cover with the future as hedge on either side.. This will be diary for the same along with suggestions from all seniors and people.
It is similar to what newton had done but instead of atm call and put this will be a bit far wide .. As no time for intraday management of position.
So the first trade was done few days back:
nifty at 11008
nifty oct fut = 11061
trade 1 : 11200 call at 108
plan: if nf crosses 11200 buy nf
trade 2: sell 10800 put at 95
plan: nf crosses 10800 sell nf
trade 3: sold nf at 10780
trade 4: covered trade 1 earned 103 points:
trade 5: covered trade 2 today at 505
trade 6: covered trade 3 today at 10304 earned 65 point:
another trade which is open today as well:
t1: sold 10100 put at 130
t2: sold 10500 call at 99
BNF was scary one but still holding one :
24800 call sold at 373
will buy bnf if it crosses 24800
the risk in above is gap against position ...
I have been paper trading shorting options and the cover with the future as hedge on either side.. This will be diary for the same along with suggestions from all seniors and people.
It is similar to what newton had done but instead of atm call and put this will be a bit far wide .. As no time for intraday management of position.
So the first trade was done few days back:
nifty at 11008
nifty oct fut = 11061
trade 1 : 11200 call at 108
plan: if nf crosses 11200 buy nf
trade 2: sell 10800 put at 95
plan: nf crosses 10800 sell nf
trade 3: sold nf at 10780
trade 4: covered trade 1 earned 103 points:
trade 5: covered trade 2 today at 505
trade 6: covered trade 3 today at 10304 earned 65 point:
another trade which is open today as well:
t1: sold 10100 put at 130
t2: sold 10500 call at 99
BNF was scary one but still holding one :
24800 call sold at 373
will buy bnf if it crosses 24800
the risk in above is gap against position ...