loss

Sep21-W2: Nifty Option Trades could not recover last week loss

This trend is not my friend. As I was carrying ITM positions, Friday’s gains made my P&L go redder. The problem continued on Monday and I started to panic. My unrealized P&L was crossing Rs. 30,000. Forget last week’s loss, I just wanted to breakeven on this unrealized loss now. On Tuesday, I was only at hairline difference of that breakeven moment when the market reversed and again went back to high. At that point, I gave up and booked loss of around Rs. 35,000. I checked charts and figured reversion is not done yet. I sold some ITM call spreads and recovered whatever I could. Damage to P&L continues.

So I sold OTM strangles and call spreads from Sep 3 to Sep 9 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 todayAnnualized  return till today
Rs. -3,023.65Rs. 7,55,676-0.4%-18.82%133.64

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.

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