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Pran Katariya @KatariyaPran
, 11 tweets, 3 min read Read on Twitter
Sold 4xTitan 880/980 Strangles for 37.50
It doesn't have much meaning because of very low liquidity at the moment, but here is the chart of the Jan Titan Strangle
Moved the 940CE down to 920CE for 8.50. Its now a 920 Straddle
I have 12 of these. Exiting half at a Profit of around 50k or almost 8% ROC. Will gamble with the other 6 but will exit if Stock hits 910.
Markets falling. Volitility increasing. Out of balance with Profit of 50k per tranche
Having to adjust earlier than I would have liked. Moved 980CE down to 960CE for 5.50
This one is Ok for the time being despite a 2% drop.
Moved the 4x960CE down to 940CE for a credit of 5.25
Thought about Shorting a Future many times during the day to cut down Deltas and directional Risk. But Stock is down almost 55 in last 4 sessions and due for rebound, there is plenty of room on downside-BE is at 831 and due to holidays Volumes are low. Will relook on Wed
Deltas better than on Monday thanks to favourable Directional Move. Have moved the CE side down 2 times from 980 to 940. Don't want to narrow the Strangle more at least for another 8-10 days. Will adjust thru Futures if it becomes neccessary
Continuing to benefit from the Time Decay and slight fall in IV's
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