This is the most toughest expiry in my experience and i will remember it for long time as this Expiry brought best fire fighting skills in me.
Started trading at 9:20 am by selling 10100 CALLs and 9500 PUTs, as day moved on NIFTY made series of Higher Tops and Higher Bottoms which indicated clear uptrend and so kept selling PUTs at 9500, 9550, 9600, 9700 and 9800 strikes. NIFTY became ultra bullish after it broke its Resistance levels of 10000 and 10050 after 2 pm. This is when i traded like a machine, sold more PUTs at 10000 strike and then realized i have utilized all my margin, so covered 9500 to 9800 PUTs which i sold in the morning for additional margin. Used additional margin to sell 10000 and 10050 PUTs for the high premium of 3 to 8 rs to defend 10100 CALLs which almost became in the money.
I was literally on my toes covering and selling additional PUTs at higher strike with lightening fast as Robot. Finally NIFTY started cooling off after touching 10100 level, finally booked a profit of Rs.2,34,280/- which is an ROI of 6.5%. Ideally i should have taken Stop Loss on such days but decided to fire fight because of my experience in defending skills with faster execution and conviction on 10100 Resistance level due to many reasons which i have explained in my Telegram group. This expiry is toughest one but gave different experience and confidence of handling wild moves.
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