well, it should have been a good month if I hadn’t wasted 30k in options! that was my one month salary in 2020. Well I bought Maruti 10000 aug ce option at 150 and then Maruti just reversed its Gera and went into bear mode. I am not holding 10000 September CE, in the hopes that Maruti will be back
As you can see after I bought the call It went straight down and I kept averaging and it kept going down and down. Well it wasn’t my trade really
Another trade was ACC 2000 ce at 47 with SL 23
as you can see it was a pretty big red candle and the SL was hit so 8k loss. Oops. So what’s the takeaway. My option CE calls are making losses. its 30k loss so far, that’s how it is when it makes profit, it will be huge ideally. I guess in stock option buying the losses would be less but then the profits even if it occurs rarely will be big.
Also I was wondering, doesn’t it make sense to buy a put whenever you are buying a CE and vice versa since the stock always tends to do the opposite!! 😉