V01

Sep 4, 2018 8:39 AM

ITC Short Short

NSE:ITC1D

ITC LTDNSE

Description

⋅ Sep 4, 2018 8:39 AM

Lot Size - 2400

Bought 300 PE at 3.1

Targets 300 and 292

Comment

⋅ Sep 5, 2018 4:24 AM

Bought another lot 300 PE at 3
At 307, close 1 lot 300 PE and short 1 lot 290 PE
Stop 312.5

Trade closed: stop reached

⋅ Sep 5, 2018 5:43 AM

-2900

Comment

⋅ Sep 5, 2018 5:44 AM

* 2 lots 300 PE sold at 2.25
PnL
-3900

Comment

⋅ Sep 5, 2018 4:24 PM

Looking to enter again

Comment

⋅ Sep 5, 2018 5:39 PM

Stop 314.5

Long 300 PE
Short 290 PE

Comment

⋅ Sep 5, 2018 6:01 PM

Higher probability of success once it breaks 307

Trade active

⋅ Sep 6, 2018 6:55 AM

Trade closed manually

⋅ Sep 8, 2018 9:38 AM

Don't want to hold too long, I'll enter another trade if there's an opportunity.
Realized PnL -500

Total PnL

-4400

Trend Lines

Comments

akshisharma12

⋅ Sep 11, 2018 7:45 AM

your's was a good calculated study .I trade only in ITC.

V01

⋅ Sep 11, 2018 9:06 AM

@akshisharma12, sorry for not being able to update my personal entries and exits. I don't get time. The initial idea is always valid.

akshisharma12

⋅ Sep 6, 2018 11:45 AM

L 308.05

akshisharma12

⋅ Sep 6, 2018 11:44 AM

entry. margin profit.

akshisharma12

⋅ Sep 5, 2018 5:53 PM

will try to follow you.

akshisharma12

⋅ Sep 5, 2018 12:49 PM

what will be the effects of selling deep ITM of 280 CE. please guide.

V01

⋅ Sep 5, 2018 5:42 PM

@akshisharma12, It's almost like shorting futures as their delta is close to 1. No additional premium is collected as their extrinsic value is low. Deep itm options have low liquidity as well. Why are you thinking of selling a deep itm option?

akshisharma12

⋅ Sep 5, 2018 5:46 PM

@V01, Its just a idea .Thanks a lot for your guidance.