How I made 2.1% of my capital today, trading FINNIFTY expiry?
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I entered in 600 points strangle (17700,18300) in FINNIFTY at 0940 hrs.
Why did I enter a short strangle?
The premiums were juicy (I was getting 20 points on 600 point strangle on expiry day!).
The first 25 mins price action indicated a neutral view.
At 1035 hrs I rolled on my puts from 17700 to 17800 as the price action indicated that FINNIFTY has made day's bottom and is moving up slowly.
Later I rolled on my puts from 17800 to 17900 and then to 18000 as the market kept moving higher.
I rolled 18300 calls to 18250 at around 1230 hrs making it a 250 point strangle (1800,18250).
All these bets paid off.
I was sitting at close to 3% profit for the day at around 1330 hrs.
The fall in FINNIFTY around 1415 hrs spiked 18000 PEs pushing me out of the trade and hit the SL.
This is my 1st month into trading and today is the biggest profit day til date (I started trading with a capital of Rs 4.4 Lakhs on 1st Jan 2023).
Performance on first month of 2023:
Profit:Rs 25.66 K
Capital: Rs 4.4 Lakhs
ROI (January): 5.8%
Das
@sabareeshmdas
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