This is a kind day every option trader should dream. No pending positions on an expiry day, a descent profit more than 8 to 10 of bank FD interest already pocked this month.
Today all Asian markets are opened in green and so would do NIFTY. Most probably expiry will be near 6300 as there is lot of addition of 6300 PUTs on Tuesday and increased in open interest. These option writers will do everything to ensure expiry near or above 6300, if they could. Let us wait and watch.
We booked profit in IFCI, but there is very high likelihood that IFCI could cross 26 today and 25 CALL could expire above Rs. 1.
This turned out to be good lottery trade.
So far one could earn Rs. 5200 on investment of 1200/- in IFCI, ie more than 300 % returns in less than a week's time. It has potential to do more!
No new trades today, just sit back, relax, enjoy lost day's fun. Maybe there might not be usual huge volatility after 2 pm on expiry day, due to vacation period.
Disclaimer: This blog does not take any responsibility of your profit/loss
Today all Asian markets are opened in green and so would do NIFTY. Most probably expiry will be near 6300 as there is lot of addition of 6300 PUTs on Tuesday and increased in open interest. These option writers will do everything to ensure expiry near or above 6300, if they could. Let us wait and watch.
We booked profit in IFCI, but there is very high likelihood that IFCI could cross 26 today and 25 CALL could expire above Rs. 1.
This turned out to be good lottery trade.
So far one could earn Rs. 5200 on investment of 1200/- in IFCI, ie more than 300 % returns in less than a week's time. It has potential to do more!
No new trades today, just sit back, relax, enjoy lost day's fun. Maybe there might not be usual huge volatility after 2 pm on expiry day, due to vacation period.
Disclaimer: This blog does not take any responsibility of your profit/loss
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