Jul21-W2: Nifty Index 50 Option Trades beat target CAGR

On Jul 1st, I had sold nifty index 50 strikes which were so out of the money that they became indifferent to anything happening to Nifty. I was not able to book any profit before Monday. Even on Monday, I was scared due to low VIX and again ended up taking very far OTM positions. When I checked P&L on Wednesday, it was showing a profit of only Rs. 1100 or something. Thinking that no-risk-no-gain is the name of the game, I took really really stupid positions, especially 15650 PE. Though I ended in green, this is definitely not how I should trade.

So I sold OTM strangles from Jul 2 to Jul 8 whose daily candles were like this:

Here are the results:

Net Profit (after deducting brokerage)Capital deployed (approx)Week’s ROIAnnualized ROI for this weekTotal no. of weeks traded till todayAverage CAGR till today
Rs. 3,830.73Rs. 6,39,3660.599%36.43%447.82%

Where annualized ROI for week = ((1+week’s return in decimal)^52)-1)*100

The following is breakdown of week’s positions

1 thought on “Jul21-W2: Nifty Index 50 Option Trades beat target CAGR”

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