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Subhadip Nandy Profile picture
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16 Jul, 8 tweets, 3 min read
Positive divergence on MFI, BALANCE level hit. Took some calls. SL 10 points below day lows on Nifty fut
This is my trade, bought 16k CE. SL now at 35 on the CE
#timepass_trade
Half sold at 43, rest SL to 38.5 ( entry price )
This is what I am watching, so far looks like a normal pullback after breakout
hmmm
Careful on Nifty
Done for the day, got in when I warned here . This was a larger volume trade. Now off for lunch and nap ;)
strong support

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More from @SubhadipNandy16

Subhadip Nandy Profile picture
17 Jul
Received a lot of queries on this as majority of the view that "IV generally drops post results", so any long vega strategy will lead to a loss and it's better to sell straddles/strangles.

I know that options selling to capture IV crush is a worldwide strategy :)
But what none of the responses have seemed to remember that there is also "generally" a vol expansion before results, generally starts 10 days before results declaration or earlier.
Look what happened to HDFCBANK IVs this time Image
Simple question : If there has been no vol expansion, can there be a further vol crush ?
Answer can be yes or no, both things possible. But the probabilities favour zero or minimal vol crush. Also remember, the theory of vol crush post results are "generally" , not a surety.
Read 9 tweets
Subhadip Nandy Profile picture
16 Jul
Start with R multiples, profit booking becomes mechanical without emotions. I will explain.

Enter at 200, SL 195. Risk(R) = 5. Risk per trade = Rs.2000
Qty = 2000/5 = 400
1. Book profits on 50%( 200 qty) at 1.6R or greater ( 208) and modify SL to 200 ( entry price) (1/n)
2. Book profits on next 25% ( 100 qty) at 2.5R( 212.5) and modify SL to 208
3. Last 25% continue chasing with a R trail of 1R below current price

You may change initial book to 2R also. But minimum profit booking has to be 1.6R or above
even if you are 50% correct on your trades, this money mgmt logic will give you net profits. Now the system/logic you are trading must have that edge and that R expectation of minimum 1.6R on a trade. Below that, you won't win in the long run
Read 5 tweets
Subhadip Nandy Profile picture
16 Jul
Perhaps you have the idea that calling me " 1 lot Nandy" is somehow derogatory and a easy poke at me. Allow me to explain why I look at this moniker as a badge of honour
I have traded 1 lot continuously twice in my life. The first in 2003 after I blew up on my INFY trade. I traded 1 lot ACC fut consistently and made 50k in a month
The 2nd time in 2013. When I suffered continuous losses for 5-6 months due to a variety of psychological issues. Then I traded 1 lot Nifty options consistently for 3 months. After that 2 lots for next 1 month and slowly increased
Read 8 tweets
Subhadip Nandy Profile picture
16 Jul
HDFCBANK trade opened with view on results :
View : Bullish
Strategy: CE Backspread
Sold 1*1520CE at 28 & bought 2*1560CE at 13
Net credit =Rs.2
Payoff diagram for Monday Image
Image
I will trade all the major results, expect to win max 40% of the trades. Will lose small if wrong, will win large if big. So I am looking at net payoff over at least 10 trades. A single win/loss does not matter. Trade will be sqedoff the day post results, so holding is 1 day
Read 4 tweets
Subhadip Nandy Profile picture
15 Jul
182.50ce = sold at 6(2 lots) , now 4.10.
Profit = 1.90*2 = +Rs.3.80
187.5ce = bought at 4( 3 lots), now at 2.50 .
Loss 1.50*3 = -Rs.4.50

Net loss = 70 paisa per lot

Will close this trade tomorrow
Understand this trade carefully
1. I stayed in the trade from 9th to 16th July, waited ( normally in any options trade, decay/theta would have killed you)
2. Stock did not move in my direction ( direction/delta has been against me)
3. My upsides were wide open
But still, I will escape with minimal loss.
This is the essence of options trading and trading in general. Profit trades are OK, but what really matters is how you can escape with minimal losses.
Proper option strategies help hugely in this matter. Not possible in futures/cash
Read 5 tweets
Subhadip Nandy Profile picture
15 Jul
15th July Ranges :
Nifty = 15969/15673
Balance = 15821
BNF = 35908/35302
Balance = 35605
Trade 1 on @CNBC_Awaaz : Ambuja Cements
Buy1*370CE & sell 1*385CE
Debit = Rs.5 =max risk
SL 2.5 on the spread by closing
Price target 385
Trade 2 on @CNBC_Awaaz : Nifty ratio spread
Buy 1*16000ce monthly & sell 2*16150ce monthly
Debit = 10
Trade has unlimited risk above 16300.
SO 1. sqoff this trade when Nifty reaches 16150 OR
2. If nifty stays here for next 3-5 trading sessions, buy 1*16300ce < rs.10
Read 5 tweets

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