Today was the first day of the new Bank Nifty options expiry month, and the price kept bouncing around all day. This constant back-and-forth made it tough for anyone holding option buy positions, leading to bigger losses than expected. On top of that, theta decay hit hard today. Unfortunately, all the strategies I posted ended up hitting their max loss for the month on day one. It’s one of those days where the market just keeps you on your toes!
Bank Nifty Chart:
Profit and Loss for Our Simulated Strategies:
- BN Futures 5 min Renko – Total Trades (12) – Profit/Loss (-7994)
- BN ATM Options 5 min Renko – Total Trades (20) – Profit/Loss (-5964)
Intraday PnL:
Strategy 1 started posting losses from the morning session itself. On the first day of the new expiry, theta loss of option premium is observed.
Detailed insights into the strategy can be found here.
Disclaimer: The profit and loss figures provided above are for educational purposes only. Implementing these strategies without adequate knowledge may lead to losses. For more information and guidance, please contact me at: simplestrategieswork@gmail.com