This was a week where Nifty ended almost where it started from. Such scenarios work awesomely for strangle selling. The whole week was smooth except for May 18th. I had a strike of 16450 CE which started giving trouble since Nifty was at 16400.
I was able to neutralize the damage by selling equivalent number lots of 16500 CE. I was very unsure of the market direction at that time. Though I had a feeling that Nifty may go down and there was no need to book loss on 16450 CE but it was only a feeling and nothing else. So I booked it. I have become a bit ok at booking favorable losses. This is good, even though it means that I could have earned another Rs. 24,000
|Net Profit (after deducting brokerage)||Capital deployed (approx)||Week’s ROI||Total no. of weeks traded till today||Average weekly return till today|
|Rs. 40,704.19||Rs. 16,31,886||2.49%||6||2.09%|
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