Amit_Ghosh
Long

Leo's March Trade on Axis Bank

NSE:AXISBANK   AXIS BANK
402 views
4
402 5
These are the trades he done though. Zerodha Opentrade's time is fucked. It's in UTC.

03/03/2017 08:50 BOUGHT AXISBANK17MARFUT NFO ₹ 515.55
03/03/2017 08:50 BOUGHT AXISBANK17MARFUT NFO ₹ 515.98
03/03/2017 08:49 BOUGHT AXISBANK17MARFUT NFO ₹ 515.98
03/03/2017 09:58 BOUGHT AXISBANK17MARFUT NFO ₹ 517.2
14/03/2017 03:47 SOLD EXIT PARTIAL AXISBANK17MARFUT NFO ₹ 524.5
14/03/2017 03:47 SOLD EXIT PARTIAL AXISBANK17MARFUT NFO ₹ 523.0
14/03/2017 03:54 SOLD EXIT PARTIAL AXISBANK17MARFUT NFO ₹ 523.5
22/03/2017 15:15 SOLD EXIT PARTIAL AXISBANK17MARFUT NFO ₹ 486.6
22/03/2017 15:25 SOLD EXIT PARTIAL AXISBANK17MARFUT NFO ₹ 485.68
22/03/2017 15:29 SOLD EXIT PARTIAL AXISBANK17MARFUT NFO ₹ 486.0
22/03/2017 15:29 SOLD EXIT PARTIAL AXISBANK17MARFUT NFO ₹ 485.8
14/03/2017 09:12 SOLD AXISBANK17MAR520CE NFO ₹ 11.51
22/03/2017 15:21 BOUGHT EXIT COMPLETE AXISBANK17MAR520CE NFO ₹ 2.0
29/03/2017 11:12 BOUGHT AXISBANK17APR530CE NFO ₹ 12.4
29/03/2017 11:09 BOUGHT AXISBANK17APR530CE NFO ₹ 12.4
29/03/2017 11:09 BOUGHT AXISBANK17APR530CE NFO ₹ 12.4
If Axis goes down to 480-483 there it has massive support so will it be good to enter long position and bought 520 CE or 530 CE?
@Amit_Ghosh what are your views on that?
Reply
Amit_Ghosh girish1001
@girish1001, I am against buying options. We are just analyzing someone else's trade. Instead of buying CE. I will opt for 480PE. And close all trades if Axis crosses 478.
Reply
JamesPeter Amit_Ghosh
@Amit_Ghosh, yes it makes sense as axis not looking too strong and besides earning season is starting
Reply
he entered long on 03-Mar.. saw a big red candle, booked part profits and sold 520 CE as well.. all on 14th Mar
1. As the breakdown progressed, why didn't he sell 500 CE as well when it broke below 490?
2. At 6, he switched positions. Booked profits on 520 CE and entered bought 530 CE.. anticipating breakdown failure?
Reply
@gnanas, Big red candle always means gap up and then falling like dominoes. He booked on the first gap up. Theta will kill 520 CE faster than 500 CE and margin will be also low for that trade.

530 CE costed him significantly lesser margin and hence less risk. If Axis touches 515; I assume he will get his breakeven point ?
Reply
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