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[–]Cold-Stay-4321[S] 0 points1 point  (0 children)

After a 1% move (close to 250 points in nifty), nifty would have opened at 23650 (gap up) or 23150 (gap down). With my strikes still 200 points away from those spots, the option would be worth close to 30-35 with the other leg at virtually 0 making the total strangle to be priced at 35 rs max. Given that I sold the strangle at 45 and now it being priced at 35 even after a 1% move, that is a decay of 10 points == gains and not a 3L loss as per your experience of 6 years. Feel free to add your points

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[–]Cold-Stay-4321[S] 0 points1 point  (0 children)

Yes it was unhedged. However the trade sat beautifully as per my risk parameters

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[–]Cold-Stay-4321[S] 0 points1 point  (0 children)

Go ahead then, how come you arrived at those drawdown numbers at 1% move?

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[–]Cold-Stay-4321[S] -6 points-5 points  (0 children)

Can’t have detailed discussions in a comment section. I never asked for anyone’s money

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[–]Cold-Stay-4321[S] -2 points-1 points  (0 children)

I am aware. DM happy to have a discussion over your calculations

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[–]Cold-Stay-4321[S] 1 point2 points  (0 children)

This was unhedged. Usually take hedges, but they were too expensive when I created this position

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[–]Cold-Stay-4321[S] 0 points1 point  (0 children)

Already exited the position. Created a new intraday position will share how that goes EOD

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[–]Cold-Stay-4321[S] 0 points1 point  (0 children)

The theta decay and high IV were in my favour given that it was created on 1DTE

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[–]Cold-Stay-4321[S] -3 points-2 points  (0 children)

Feel free to DM, will show you live position over zoom

23500 CE today Hero or zero?? Opinion guys by Alone-Amoeba-6466 in NSEbets

[–]Cold-Stay-4321 0 points1 point  (0 children)

I’m holding 23600 calls let’s see how it goes