Fucked up my trading again today. It was an option sellers day in my defence but in loss in crude trades too. Crazy. Lost money in both the sides today.
Going to try out calendar spreads now. from next week hopefully, while the vix is low!! But I need good cash in hand for that!
And my Dec options sells are all messed up so yeah gotta do something about it. Something that gives me credit and not really profit
My Dec option selling is the stupidest thing I have done in my whole life. What was I thinking easy money?
Let’s see how much Nifty has moved in a year. Dec options become active around Jan.
We never had a red candle since 2017, and I have been losing money on the upside. So damn stupid. I am pretty sure, my portfolio would have been 1cr if I had just held onto my stocks. Damn the opportunity cost. And did I learn anything yet. I doubt.
adding a calendar at 27000 for adjusting the position. This will work well, if nifty goes bullish but can fuck up if nifty goes crazily bullish too soon. but this is perfect!!
This is how it was earlier
The current firstock Position
I think put side is basically a calendar already. will make the call side also a calendar
This is the plan!!! Both becomes Vega positive too. Vix is nearing 12 and downside is limited now.
I hope this works.
I will only trade crude after 6pm here on and no trades on Friday. Will update trades regularly