NIFTY Option writing trades - I

5-OCT-2016
- sold 8900 call 300 at 60
- sold 8700 put 300 at 80

Total investment approx. Rs.360,000. Max profit = 300*60 + 300*80 = Rs.42,000/-.

6-OCT-2016
- break of 2 day support on 15 min chart
- exited short trade in 8700 put and bought 8800 put option
- sold 8800 call 300 at 76

7-OCT-2016
- booked profit in 8800 put
- open position - 8900 sold at 60 and 8800 call sold at 76
- max profit = 300*60 + 300*76 = Rs.40,800/-

10-OCT-2016
- nothing to do
- hopefully next 2 days should be in my favour

13-OCT-2016
- last 2 trading day holidays worked in my favour
- nothing to do today... just sit back and enjoy the MTM profits.
- 8700 put was an intraday trade

14-OCT-2016 - timepass day, stayed out of market

17-OCT-2016
- closed positions in 8800 and 8900 short call
- profit in 8900 call = 300 * (60-4) = Rs.16,200/-
- profit in 8800 call = 300 * (76-9) = Rs.20,100/-
- total profit = Rs.36,300/-... 
 - I am letting go of Rs.4,000/- potential profits had the position been held till expiry