It seems my monthend sell off came true last week but not to the extent I had hoped. This week nifty is rebounding.
I sold one of my put options at 10700 with a 25% profit. Missed selling last week when it was 100% profit. Also lost the put options placed at 10100 towards begin of month. Lesson learnt it even when we know of a sell off coming, wait for the buys to weak before buying a put option.
As of now Nifty is rebounding. But don't see any major buy trend yet anywhere. I am guessing this will make a major sell off post Dec 12th after election results are out.
Depending on how month of Nov. closes, will buy december put option is it looks fine.
I sold one of my put options at 10700 with a 25% profit. Missed selling last week when it was 100% profit. Also lost the put options placed at 10100 towards begin of month. Lesson learnt it even when we know of a sell off coming, wait for the buys to weak before buying a put option.
As of now Nifty is rebounding. But don't see any major buy trend yet anywhere. I am guessing this will make a major sell off post Dec 12th after election results are out.
Depending on how month of Nov. closes, will buy december put option is it looks fine.
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