I had wiped off 6.6% of my capital in last expiry. However, I had rolled over call options and booked profit on Friday. Furthermore, I further infused capital of Rs. 22,000 so that I can sell at least 6 lots per side. However, I did not have any luck on Monday and Tuesday. My strikes were not OTM enough and I kept adjusting them causing nothing but profits to Zerodha as brokerage. But I am satisfied with whatever recovery I have made. And hopefully, I shall stay on track now.
So I sold OTM strangles from Jul 30 to Aug 5 whose daily candles were like this:
Here are the results (the annualized ROI for week is funny due to this one time recovery) :
|Net Profit (after deducting brokerage)||Capital deployed (approx)||Week’s ROI||Annualized ROI for this week||Total no. of weeks traded till today||Annualized return till today|
|Rs. 26,931.15||Rs. 6,79,643||-3.96%||654.4%||9||9.16%|
The following is breakdown of week’s positions:
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