Options Trading Positions | 12 March 2019 | Update 7

What a good day it has been for Option buyers. Such a day is what makes us options traders feel good to be in the business of Options Trading.  

Nifty opened gap up above its important resistance level at 11171 and made a high of 10320.40 and closed at 11031 gain 133 points.

BNF continues to be the outperformer and closed at a new all-time high gaining 477 points. Today also, there was no dip or Profit booking throughout the whole trading session.

What is good about this Uptrend or Rally is that we are seeing an overall holistic buying in all sectors including Midcap stocks.

Both NIFTY and BNF is likely to remain positive in the trading sessions ahead but we need to be cautious in the short term as Profit booking may eventually come.

The probabiltity to see correction of 100-150 points on the NIFTY and 200-300 points on the BNF is high now.

My view on the Uptrend has not changed at all but we need to understand that retracement is part of any up-trend.

Coming to my personal positions, My Options trading positions performed very well and I have exited from the NIFTY Index position with very good gains.

Surprisingly, ICICI 380CE also made a big move today itself and I have exited this position with good gains.

CIPLA did nothing and trended down despite the market rally and remains quite weak. Any down day can turn out to be a blessing for my position in CIPLA 530PE. I have not closed this position and I expect this to move in our favor in a couple of trading days.

Regarding new positions, I have taken Puts of NIFTY as well as BNF of this weekly expiry by EOD. Yes, it is very risky knowing that we have only 2 trading session for Weekly expiry and that we are in an uptrend.

But I took these positions with the expectation that we will probably see some profit booking (Retracement before the next big up-move) tomorrow or day after.

Here is the status of my options trading positions as on March 12, 2019 EOD:


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Realized Profits: INR (+) 1,62,232.50/-

Unrealized Profits: INR (-) 950/-

[DISCLAIMER: The options trading positions above are my personal trades and is intended for general information and educational purposes only, not a Buy/Sell recommendation. Please use your own risk management techniques. Any loss incurred from following my personal trades will solely be at your own risk]