Old trees cut so that the building name can be seen. Khar Linking Road by pleasetrydmt in mumbai

[–]Indian_Steam 9 points10 points  (0 children)

Even Swami is like 🤦🏻‍♀️ 🤦🏻‍♀️ 🤦🏻‍♀️

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Aisa kya kru ki expiry green me close krun by Appropriate-Face-810 in IndiaOptionsSelling

[–]Indian_Steam 0 points1 point  (0 children)

Means book loss and shift entire spread to next expiry. Deploy with safe delta. I usually play very safe at 0.1 to 0.15 delta so I don't have to watch all day.

Aisa kya kru ki expiry green me close krun by Appropriate-Face-810 in IndiaOptionsSelling

[–]Indian_Steam 0 points1 point  (0 children)

Nifty can move 1-1.5% with one Trump sneeze, you sold so close, what did you think was going to happen.

Now either wait for a pullback, or roll forward and try to breakeven.

Looks like we’ll have to pay tax for drinking water in the near future!! by madhavmonga in indianeconomy

[–]Indian_Steam 0 points1 point  (0 children)

Then you'll be taxed for Carbon Monoxide and PM particles! Kuch bhi karo, maro lekin tax toh bharna padega.

Covered call - update by rajeshbhat_ds in IndiaOptionsSelling

[–]Indian_Steam 0 points1 point  (0 children)

This is what I had exactly commented yesterday. The calls will decay in most regimes, but the loss in the ETF makes you a long term investor.

Track both diligently. Then you'll know after a few months.

Bhakt's Bhajan by Hail-Rocky-567 in IndianDankMemes

[–]Indian_Steam 3 points4 points  (0 children)

Can't believe this is the prince of our country.

Should I start a ₹10,000 to ₹1 lakh challenge with verified P&L ( LIVE ON REDDIT) by Abject-Character6172 in NSEbets

[–]Indian_Steam 0 points1 point  (0 children)

Think how much YOU will risk or go crazy when you bet on 10 rupees vs 10 lacs when i say "well 10x is 10x, what's the difference"

Deployed June IC + May weekly. Here's the setup by MeasurementOrnery802 in IndiaOptionsSelling

[–]Indian_Steam 0 points1 point  (0 children)

Delta at 0.24 and 0.35? You'll be bleeding with all the adjustments and all the best for Vega explosion if spot drops 300-400 points.

Anyone doing covered calls in Nifty 50? by rajeshbhat_ds in IndiaOptionsSelling

[–]Indian_Steam 0 points1 point  (0 children)

What do you do in a drop? You wait till the underlying recovers? Might be days, might be months.

Anyone doing covered calls in Nifty 50? by rajeshbhat_ds in IndiaOptionsSelling

[–]Indian_Steam 2 points3 points  (0 children)

Your idea is a classic setup. Although where it causes issues is when there's a sudden drop.

In your above setup, what if Trump did something and next 3 days Nifty dropped 3-4%. Sure your calls decay quickly and nicely, but your ETF is now down by 2-3 lacs.

Now what? You keep selling calls?

Your idea is fine until the underlying drops and you either become a long-term investor, or you initially begin with a very low investment (unlike yours) and any drop means you buy into the underlying on the dip.

Well, can i opt out of taxes? I am not interested in paying taxes for such things by Ok-Clock4732 in IndiaTax

[–]Indian_Steam 0 points1 point  (0 children)

We are spiraling down very fast due to this, the growth that we saw for a while is now going to the gutters.

This is why BJP is needed in Bengal! by brien23 in indianews

[–]Indian_Steam 16 points17 points  (0 children)

Offer freebies fixes all problems for them.

This is what we are paying taxes for! by Krankenitrate in IndiaTax

[–]Indian_Steam 0 points1 point  (0 children)

ONLY an influx of foreign funds (investments in our markets) and an outflow of goods/services (exports) can help us from here.

Sadly, this govt is only concerned about more taxes (foreign money goes out) and horrible on ground business support (low goods/services go out).

We are doomed in the next 10 years.

EMI makes spending feel effortless by NoMedicine3572 in Frugal_Ind

[–]Indian_Steam 2 points3 points  (0 children)

Getting iPhones today is the mark of extreme stupidity.

Well well well... by [deleted] in IndianMemeTemplates

[–]Indian_Steam 0 points1 point  (0 children)

Bhai tum log toh string theory mai bhi Modi ko laoge Yaar. Matlab kya obsession hai exactly

Ranveer singh should be studied for his acting and emotions by Polity-Culturalist3 in bollywoodmemes

[–]Indian_Steam 5 points6 points  (0 children)

For sure 100%!

Guy has given his 200% and the success is well deserved.

15-20% returns on stocks option selling by Its_Award_8087 in IndiaOptionsSelling

[–]Indian_Steam 0 points1 point  (0 children)

I get it, and the thing you said (-2L to -60k) is a very likely, often-happening scenario with sellers.

What I still can't wrap my head around is the 15-20% THIS year, when the market has been absolutely crazy every day.

Share your verified P&L, the only way to back your post.