March 24,2022 Expiry

 

  • Today all Global indices indicating negative and sgx nifty also indicates gap down.
  • Market opened gap down and then quickly rallied 100 points in 10 min.

  • I created strangle @16900 PE to 17400 CE with hedges@ 100 Points each.


  • later market Moves higher Breaks yesterday Low i shifted my 16900 Pe to 1700 PE.


  • At this time Calls are exploded and Puts not Decaying.so I moved My 17400 CE to 17450 CE
  • @10 Again I Moved My 1700 PE to 17100 PE.
  • @10.30 Nifty falls so I Moved My 17450 CE to 17400CE with Puts also Changed from 17100 to 17000PE
  • It formes a base around 17200 to 17230 Range.
  • I did Completely wrong Trade  unnecessarily i moved to and back.
  • This Created Huge loss.
  • again @ 11 AM Nifty forms a base and Bounce Back
  • So I aggressively Moved once again My Puts to 17150 from 17000.

  • @ 12PM nifty touches Resistance zone and started falling.
  • This created Panic situation to me so i again i moved puts to 17150 to 1700 and calls to 17400 to 17300.


  • It tooks  Support @ 17150 and again bounces.
  • Today I totally Frustrated and done lot of adjustments today the whole thing i did was completely panic and option premium behaviour was gone mad.
  • I am sitting on loss 6.3k and loss touches 10K



  • At last after nifty takes support from 17150
  • After it takes support from 17150 i again entered 17150 PE TO 17300CE
  • And waited till 2.35 and after 2.30 i completely shifted my positions to 17300 CE
  • at last all my losses become zero.
    My Mistakes
  • Today i completely done wrong.
  • unnecessarily move from up and down.

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