Nov21 W1 Performance

Nov21-W1: Made good money by doing intra-day mean reversion trading

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 ROIAnnualized ROI for this weekTotal no. of weeks traded till todayAnnualized  return till today
Rs. 16730.78Rs. 916051.31.82%156.3%2144.34%

The following is breakdown of week’s positions

DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.

1 thought on “Nov21-W1: Made good money by doing intra-day mean reversion trading”

  1. Pingback: Nov21-W4: I shorted puts as the market fell, to make good money

Leave a Comment

Your email address will not be published. Required fields are marked *