Date 1/21/2021
Asset: Bank Nifty Options
Trade
Thesis:
On expiry day bank nifty is expected to give a big move after 2:00 pm. So, out of 10 trades, your 7 trades would be profitable. I will be keeping a record of my trades and will post the total results in the end. I got lucky on the 1st one. Exit- The idea is to let the option expire till the very end. I got greedy and exited the trade in 15 mins but BN gave a huge move after that (nearly 400 pts), which would have given me 15K in net profit if I hadn't closed the position. Note that both the options are in the money so as to keep the risk and gamma in favor.
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