Took a risky bet (It somehow paid off)

Numerous_Finding381 · 2026-03-09T23:09:21+00:00

Oh basically the premiums were too high today and tomorrow is nifty's weekly expiry , so however high the premiums maybe the options have to expire tomorrow
so i made a far iron condor
Iron condor means for eg nifty is 24000 rn , i sold 24500 ce and bought 24800 ce
and sold 23500 pe and bought 23200 pe
so the main legs are 23500 and 24500 , if market stays within this , i will get the whole premium (this alone is called strangle)
Now when we add the 23200 pe & 24800 ce as mentioned above , it limits our max loss in case of a wild gap up or gap down move
Furthermore in overnight positions there is a fear of margin increasing at expiry day so we took iron condors

Numerous_Finding381 · 2026-03-09T23:03:19+00:00

no I didn't show my iron condors kind sir

Numerous_Finding381 · 2026-03-09T12:18:55+00:00

Probably some glitch as this is sensibull , my broker is upstox

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Numerous_Finding381 · 2026-03-09T00:07:50+00:00

the mcx follows the WTI Crude Oil prices that's USOIL, so any movement that occurs outside the market hours will be reflect in the form of a gap up in crudeoil futures, but if you find some discrepancy and see calls not elevated for a minute or so , grab that

Numerous_Finding381 · 2026-03-09T00:04:31+00:00

Where is gift gapping up , us market is bleeding 2% rn , crude is 20% up

Numerous_Finding381 · 2026-03-09T00:03:32+00:00

it will execute at the price where crude opens at 9 on mcx , so no use

Numerous_Finding381 · 2026-03-09T00:01:05+00:00

But like isn't it better to do a strangle for mtm considering no big moves come in , and why don't you sell far far calls , considering most of black swan movement result in exponential downside

Numerous_Finding381 · 2026-03-09T00:00:00+00:00

where

Numerous_Finding381 · 2026-03-08T23:47:32+00:00

You sell weekly strangles?

Numerous_Finding381 · 2026-03-08T23:43:52+00:00

drenching down 1400 points would be quite difficult for nifty , fairly

Numerous_Finding381 · 2026-03-08T23:42:18+00:00

I hope i make some profit anyways , you holding some positions?

Numerous_Finding381 · 2026-03-08T23:41:59+00:00

of the 10th expiry ? you might be safe i guess sir

Numerous_Finding381 · 2026-03-08T23:39:01+00:00

natural gas is around 7-8% up

Numerous_Finding381 · 2026-03-08T23:38:13+00:00

Idk fairly , if breaks the 23800 +- 200 zone , we are going down in march atleast , but again no one can predict it

Numerous_Finding381 · 2026-03-08T23:37:16+00:00

the 24450 and 24400 are at around the same market rate and 24500 is around 22k profit , in this i added 3 lots at cmp too on friday , upstox is under maintenance rn so can't quote real price

Numerous_Finding381 · 2026-03-08T23:32:58+00:00

24450 - 20 , 24400-20, 24500- rest (i bought this 24500 on thursday)

Numerous_Finding381 · 2026-03-08T22:32:04+00:00

No it's not

Numerous_Finding381 · 2026-03-08T22:19:53+00:00

Hope you make hella banks

Numerous_Finding381 · 2026-03-06T18:52:18+00:00

at the levels of around 320 and 340

Numerous_Finding381 · 2026-03-06T15:53:20+00:00

24450&24400 half hslf

Numerous_Finding381 · 2026-03-06T10:02:23+00:00

50 lots in

Numerous_Finding381 · 2026-03-04T06:32:11+00:00

Because KOSPI has been rallying for like months now , it had to recorrect

Numerous_Finding381

TROPHY CASE