A day to remember with a 500 point gap down and VIX on the peak. A bloodbath on expiry day The nifty opened near 16500. On the downside, we know 16850 bounced back multiple times. Think about the option seller who entered into a safe position even below that. such a massive premium spike. A day to remember with a 500 point gap down and VIX on the peak. A bloodbath on expiry day The nifty opened near 16500. On the downside, we know 16850 bounced back multiple times. Think about the option seller who entered into a safe position even below that. such a massive premium spike. The nifty is nearly 5% down. While looking at the portfolio, it hurt, but it ended this week and this month on a high. Today's profit was nearly 1%, and this week's ending at nearly 1.5%. I am carrying over my position from Friday. I already booked profit on those positions, and on Tuesday I have 17550CE and 15850PE. But my PE fully melted on Wednesday. I was concerned about my CE 17550 because of the gap up opening and initial 5 minute candle movement. I closed all my positions and booked some losses in CE 17550 at that time. i did not enter in to new position because i was sitting on nearly 0.8% profit Then the Vix fell, the premium melted too fast, and it was a consolidation day. My plan was to take another 0.8+ profit the next day. So I did not enter into any position. Luckily, the trading plan saved me otherwise, I might have ended with a huge loss today. At the initial time, there was a huge premium spike. I entered in at 16000 PE and 16900 CE. It gave a good profit for the day. I left before 2PM. In the coming days, I am looking at the downside of 16170–15950, which is above 16700. Let's see how it's going to end. I hope everyone had a good day.
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