It is a properly trending market and interesting as an option seller like me has to put so much work into it, not to make money but to protect the capital. That is what option sellers do. Looking at the chart, the Nifty now at a discounted price exactly took support at 17650. It is a major level because 50 EMA is there and a fib line. Let's see how it is going to react to nifty inflation worries and global clue.
Coming to my option, I was kind of proud of that position, till Nifty Broke 17770 (1 PM) . One it being taken out, just wash out my green P & L. 17750 premium spike a lot. In the meantime, I booked my call position and exited with a near 1% loss. You know, like I protect my capital well. On the call side, 18150, 18100, 18050, 17900, one point I sold, 17850, and ended up with a lot of positions this week only because of 17750PE.We have one more expiry for the month. This month was not that great for me. I hope everyone had a great month. Let's get to the last day of the month to end this month with just 1%.
Coming to my option, I was kind of proud of that position, till Nifty Broke 17770 (1 PM) . One it being taken out, just wash out my green P & L. 17750 premium spike a lot. In the meantime, I booked my call position and exited with a near 1% loss. You know, like I protect my capital well. On the call side, 18150, 18100, 18050, 17900, one point I sold, 17850, and ended up with a lot of positions this week only because of 17750PE.We have one more expiry for the month. This month was not that great for me. I hope everyone had a great month. Let's get to the last day of the month to end this month with just 1%.
