The week began with a bang. Nifty went low, really low. With the level hovering around 17,600, I shorted some 17500 PE options. I kept adding some more options as Nifty kept going lower. Eventually, Nifty started turning around and I exited 50% positions at a good profile. But even when Nifty continued to go up, I noticed that option LTP started rising instead of falling. I closed remaining positions after sometime.
That is the thing with options. Their pricing has a lot to do with volatility and market price. It is almost like they have their own world which does have good correlation with spot but spot cannot be referenced for quick trading decisions. The rest of the week was the usual, similar to last week, and overall profit was quite good this week.
So I was trading these candles:
Here are the results:
|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. 16730.78||Rs. 916051.3||1.82%||156.3%||21||44.34%|
The following is breakdown of week’s positions
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