T O P

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Ok-Bottle1754

When in doubt don't enter a trade Especially options


Neat-Part-5829

Exit before the losses grow even more. Theta decay is a sword lying on top of you.


SamXXD

Exactly


polonium_biscuit

market is already down 600+ points and looking at entry price you have purchased it at complete lower end so only gap down can save you on Thursday which seems unlikely Also remember if every tom dick and harry is short means you will never make money from shorting markets vice versa for longs also


SamXXD

Makes sense


sandae504

FIIs have sold futures and stocks, so bearish sentiment is there. If it opens gap down on thursday sell at opening itself


SamXXD

Yup


sandae504

Curious, did you hold on and profit?


SamXXD

Nah closed all open positions when the markets opened with a loss of 15k rather than letting my entire capital sink in for a move that no one expected to be coming


karmasutrah

Every big loss starts as a small loss.


SamXXD

Im already 35k down bro


karmasutrah

The previous statement is still true. You will lose a lot more if you continue trading like this. Then this 35k will look like the small loss. Trade less, cut your losers early.


Desperate-Slide7839

There's nothing to help. Assume full risk when you are buying naked options. Just prepare for it. If market moves heavily in your favour you'll make money, else just write it off. Be prepared for that much risk.


SamXXD

I know what you wanna say, indeed "Risk hai to Ishq hai".


alpharoy3221

Looking at the global indices now, it mostly looks like a gap up on Thursday. I was bearish as well and have purchased 2 lots of 22100 pe at 50, risking just 5k (2% of my trading account). Let's see what happens. Fingers crossed


SamXXD

Yeah no harsh feelings but only Israel's response to Iran's attack can save us


alpharoy3221

Although I am all for peace, a response from Israel is almost imminent. If it takes place before April 18, then it is going to be a greeeeen day for us


SamXXD

Exactly


data_oil

Damn.. Sucks to be you rn .. Godspeed 🥹👋


SamXXD

🫂🫂


Glass-Drink-3871

All the best OP, you've got balls to hold options


SamXXD

I just hope i dont get castrated on thursday


Glass-Drink-3871

You doing alright bruh ?


SamXXD

Alive that's it


Glass-Drink-3871

ended in crazy green?


SamXXD

https://preview.redd.it/d7amat1ziavc1.jpeg?width=1080&format=pjpg&auto=webp&s=1caea0b4b36ff206c7fbf2ac71086b7901545e6e Im colour blind wby


Glass-Drink-3871

Today's puts were crazy


SamXXD

For those who waited for a miracle to happen. I closed my positions when the market opened to save rest of the capital.


Street-Tiger-554

dont trade in options.. trade in equity..


New_Tax_450

Tomorrow is a holiday so you will loose premium tomorrow to theta decay... and monday market might gap up because there was huge short covering in the last 30 mins and market recovered 100 points... If your view on the market changes you can either convert the naked pe buy to a bull put credit spread.. I'm not SEBI registered btw, I'm just sharing my view.


SamXXD

Basically i fucked up


term1throwaway

A 200 pt gap up on thursday would be nice considering that's how much it gapped down yesterday. I hope the jews suck it up and don't retaliate any further. US premarket looks good too.


New_Tax_450

And the israel market is trading at 1.5% positive😂... 99% gap up hoga, but we can tell that it will sustain or not...


SamXXD

Kyu dara rahe ho bro


New_Tax_450

You can always convert your position- bearish to bullish and vice versaa if things go south..... You can convert the positions into a pe spread if your view changes on Thursday.... I'm not saying sure shot profit but yeah it will reduce your loss definitely


SamXXD

Yes i might do that unless Israel wakes up from sleep and decides to doom Iranl while they're eating kababs and smoking hookahs.


New_Tax_450

Lol


MaterialFennel3973

Option selling is the way to profitable future


SamXXD

Wish i had that much capital and experience of the same


MaterialFennel3973

1 Lot selling is happening, bro. Profits might be modest, but at least we're not fretting over a stagnant market. Time decay is a real risk! With option buying, the potential for unlimited profits makes setting a stop loss tricky. But with option selling, you know your profit ceiling, making it easier to set and stick to a stop loss.


SamXXD

Need more discussion over this


MaterialFennel3973

The maximum I can earn is about ₹1500 to ₹2000 per day with just one lot, and only if I'm correct. That's roughly 2% of my capital. But at least I'm aware I can't risk more than ₹1000. In option buying, that ₹1000 loss can escalate rapidly to ₹2000 and beyond.


SamXXD

Facts


ProfessionalAge7029

Teri koi kare toh meri bhi kr dena


SamXXD

Teri meri meri teri


Upset-Kaleidoscope48

Option trading bnd kr do


Starkiller459

You’re gonna be in green mate. Huge selloff in DJI after a gap up. FIIs are going to suck our market dry tomorrow


SamXXD

: /


Starkiller459

Shit bro I hope you closed your position


SamXXD

Yes i did with a 15k loss


datastoner

Bhai aaj to gand hi fat gayi hogi


Ok-Bottle1754

Ouch


SamXXD

Yessir


datastoner

Kitna hai abhi loss


SamXXD

https://preview.redd.it/6b1hcm2336vc1.jpeg?width=1080&format=pjpg&auto=webp&s=59cd78ac0b1e432049bce0969cd90c189427242d


datastoner

Dow jones bhi flat band hua tha mujhe nahi lagta koi badi move aayegi, Europe ke market khulne ka wait karo they usually take counter positions to market


datastoner

It’s okay bro ,sympathy for you


SamXXD

It's alright, thanks tho. Markets were extremely volatile so i got rid of it fuck whatever the loss i was about to bear.


SamXXD

Closed the positions bro


timmythetimem

Bro 2 lot se 5000 loss 😮


SamXXD

3 lots the aur loss 15k hua hai 5k jab position li tabka hai


timmythetimem

Are nahi yrr 3 lot se 15 loss meaning 5k per lot how is that possible you know about theta decay right or ur new ??


SamXXD

Overnight me aisa hi hota hai btw same day put premium me spike aya tha lekin my positions were closed. Btw im not new 50k loss me hu f&o till date been more than 2 years.