Options Trading Report | 14 March 2019 | Update 9

The Weekly expiry was quite volatile but it traded in a range and ended the trading session with negligible gains. NIFTY ended with a gain of 1.55 points and BNF gained 38.30 points achieving another all time high.  It was basically a good day for option writers.

The market today showed signs of fatigue and volumes did not really justify any meaningful on the upside for now. We will probably see profit booking in Nifty and BNF tomorrow.

Though my view on the uptrend has not change but for the next leg of rally, the market needs to cool down to certain levels before we can see much higher levels.

Regarding my individual options trading positions, my Call options gained premium in the starting of the session but fizzled out by the end of the trading session. I have not exited any of the Call options yet.

Also, looking at the market momentum and volatility, I have initiated a new Put position in Bank Nifty for the Weekly 20March expiry. This will act as a hedge to my Option Calls and we can take advantage of any profit booking event that may probably occur in tomorrow’s trading session.

Here is the status of my options trading positions as on March 14, 2019, EOD:


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Realized Profits: INR (+) 1, 51,832/-

Unrealized Profits: INR (+) 1,960/-

[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]