Good Positional Selling, Bad Intraday Buying

• Biweekly Double diagonal position closed.
• Profit Realized : +18,172
• Holding Hedges.

― OptionsMaddy

Intraday Loss -3,097

• Learning day in Option Buying.
• Got +850 Fin-Nifty profit in the morning.
• Lost -3,097 in Nifty PE position.
• Nifty was super bullish.
• Bank Nifty, Fin-Nifty was Bearish.
• Expected market to go down in the evening.
• Didn’t put SL. Expected evening reversal. Costed big.
• Recovered +1,000 in additional PE position.
• But holding it still.
• Overall lost -₹1,300. Not a good intraday trades.

Days History

Positions

• Positional Profit Realized = +18,172
• Holding monthly hedges.
• Put an Iron Condor.

Current Position

• 😨 First time holding short buy position for tomorrows expiry.
• Gap down will give some profit.
• Gap up will make another lose making it another loss making option buying endeavor.
• Hope the decay will be gently.
• 🤞🏼All these for covering todays loss. Hope I don’t end up doubling my loss.

― OptionsMaddy