Position Update - No position

After earlier position expiring and paying full profit, there is no position on as of now J

 

No position is also a position.

 

Abhijit

Update 23 July 2012

With fall of nearly 90 points, our spread is nearly at Zero value.

 

I will think about closing the position today. My signal has not turned to buy. I need to think if should initiate another short spread or wait for the signal to turn for taking long spread. Need to make up my mind.

 

Here is the updated chart in the meanwhile.

 

 

 

Abhijit

Update 20th July 2012

Here is an update on position.

 

The position is now showing notional profit of about Rs 38. 4 Trading days to go before expiry and the entire amount of Rs 48 will be pocketed.

 

Here is the updated chart:

 

 

 

Keep reading J

 

Abhijit

Update - 18 July 2012

Here is an update:

 

Market seems to have made short term move upwards. While my day indicator is not turning and does not look it will turn to buy any time soon. Let’s keep fingers crossed.

 

The position, meanwhile, has lost some of the notional profit.

 

 

 

Abhijit

Status Update - 17 July

The position is on course to give good returns.

 

The option spread closed at Rs 11.00. Compared with our original Spread of Rs 48, this is gain of Rs 3700 over one option lot with margin of Rs 32000.

 

Waiting for Expiry so that we can enter into next position.

 

Here is the chart update for this.

 

Trade Update : 16 July 2012

Here is a quick update on 16^th July 2012.

 

My signal continues to be in sell mode. 5300 Call closed at Rs. 20 while 5400 Call closed at Rs 5. The spread has reduced from Rs. 48 to Rs. 15 Now. That’s Rs. 33 Gain in a week or so. I am already beyond my target of 4-5% for the month. I will hold the position now till expiry and net entire Spread of Rs 48. Let’s keep fingers crossed.

 

The updated chart is enclosed.

 

Test post using my iPad

I am doing this test post using my iPad.

Abhijit

My Current Trade

Hi all,

As mentioned in my opening post, here is an update about my current trade.

Position taken on : 11 July 2012

Nifty Call sold : 5300 Strike - July Expiry

Nifty Call Bought : 5400 Strike - July Expiry

This is a credit spread and had given me net credit of Rs 48. (quantity of Options 100)

As on today, the position has resulted in notional profit of Rs 24 as the market has moved downwards.

As mentioned in my introductory post, KST indicator had given an early signal about reversal happening in nifty.

I intend to keep holding the position till expiry. Hope to pocket Rs 4800 from the option spread position if nifty stays below 5300. (if that happens, that will be cool 12% on the margin amount of Rs 40,000)

I will keep updating the post.

Abhijit