Flat Opening, Crazy Finnifty, Finnifty Profit wiped by Hedges

Good Decision not to buy FinNifty yesterday

• Yesterday IT traded on 78.25, today opened at 59.85, went till 26.75, then rocketed back to 98.20. CRAZY 😵‍💫.

• Closing

• [[2023-06-05 Held Position MTM Profit +4907|Yesterday]] - 2023-06-05 Held Position MTM Profit +4907

Morning Nifty

Open 09:15am

• Flat opening for Nifty50 Index.

At Close 03:30pm

Days History

• Fin-Nifty Intraday profit wiped y wrong timing in buying Hedges.

Started a Diagonal Spread

Crazy Fin-Nifty Expiry

• FinNifty went down most of the day opposite to expectation then gave a wild swing up EOD.

• Hoping for a gap down.
• Don’t have a gameplan now.
• Probably put a straddle on vix up.

• Premiums closed on all time Tuesday low.
• Not a sellers market.
• Reference : Shreyas Bandi Tweet

While everyone is focused on finnifty gamma, please note that nifty ATM closed 104rs, on Tuesday

Risk is tonight, tomorrow trading, tomorrow night and then expiry Thursday

Correct me if im wrong but this has to be the lowest ever Nifty ATM close on Tuesday in the past 4 years

— Bandi Shreyas (@BandiShreyas) June 6, 2023

― OptionsMaddy