Update - 12 November 2018

After an initial long gone wrong, I have executed short positions.

In morning, I thought the breakup was swift and is going to sustain, so took a bull put spread. Later when the half hour candle made a bearish engulfing, I felt it safe to be short side. It could have been a trap at upside for bulls. Vix was moving up with price coming down. Open interest on calls was also increasing from morning. Now open interest is subjective but coupled with other signals probability of it being right was more. So I doubled down on short positions and wrote aggressive bear call spread at -10 X 25900 & +10 X 26100, -9 X 26000 & +9 X 26200.

  • 01:15 pm - A sigh of relief. 😐 (Thank Lord 🕉 for keeping mind right at tough times)

  • 02:30 pm - I have exited all positions. I had to reasses whether a technical bounce was coming or not and wanted to lock in profit. As planned will take 9 lots by eod.

  • 02:50 pm - Have entered with 9 lots in a bear call spread -9 X 25900 & +9 X 26100.

  • Done for the day.

Open positions have been updated in my sheet

9 November 2018 - 15 November 2018.xlsx

Rohit Katwal

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