Upon the open of 24 September, I sold a couple of near the money call options. My degree of confidence on mean reversion was high on daily timeframe but that is a bit of a higher timeframe for my kind of trades. I rely a lot on intra-day timeframes which were giving me mixed signals. I had put exit orders on both call options which eventually got executed leading to good profits.
History repeated itself on 27 September and it was again an opportune moment to send near the money call options. In fact, I should have taken higher number of lots. However, I had some office work and I knew I would not be able to actively track. By the time I started paying attention, market had already begun reversing and I had lost the edge. So I had to stick with OTM options.
Had I paid attention, I could have gained a lot more. Anyhow, my overall CAGR has hit an important milestone of 25%. I hope I am able to maintain it.
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. 14451.92||Rs. 7,82,998||1.84%||158.84%||16||25.1%|
The following is breakdown of week’s positions:
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