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Thursday, 5 September 2019

Options Buying : Day6, Sep'19 Series, 05.09.2019; Strategy Testing

Hello Reader,

  Welcome to Option Buying: Strategy Testing, As usual disclaimer: This is testing blog series, So strict advise not to trade only for observation.

If you are new reader pls visit INTRODUCTION AND RULES OF TRADING

Day 6:

Today nifty did whipsaw from red to green but keeping overall volatility low.

Our holding HINDPETRO drove in opposite direction and made to hit Stop Loss. We closed our position at 3:10 PM @2.4 premium. Its observable that whole sector surged and also related stocks like BPCL, IOC, ONGC etc. There maybe some hidden news.

We are now at realised profits of Rs. 9,290+ for Sep'19 series. We lost 3 trades and gained in 2 trades but overall in a very profitable state. That is due to our Risk Reward Ratio (RRR) which is very key for any trading.

As per our strategy, Today we got IBULHSGFIN in our screener but IV is very very high @100+, so not matching our requirements. We now have no holdings and awaiting opportunities. (Note: High IV's are premium eaters if the stock moved slow irrespective of direction)

all OPTIONS BUYING done, below given the status, stop losses and targets as per our strategy.

Let's wait for 06.09.2019 3:00PM show to see what's the gift our market kept for us. Bye Byeeeee...!

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