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 ROI | Annualized ROI for this week | Total no. of weeks traded till today | Annualized return till today |
| Rs. -3,023.65 | Rs. 7,55,676 | -0.4% | -18.82% | 13 | 3.64 |
The following is breakdown of week’s positions
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