Musings

My going in mindset for the trade on 6th Jan   1. Nifty was very upbeat with last 10 continuous days of uptrend (680 points up) and no reason to consolidate. 2. I was frustrated with the continuous upmove even without much of solid +ve news - Never go against the market which is flooded with liquidity 3. On 5th Jan -  nifty ran up 125 points on and closed at 14200 only 100 points below from my strike price of 14300 CE for 7th Jan - It seemed easy for NIfty to run up 100 points in 2 days  4. I was not able to sleep on 5th Jan as i feared my CE position will run into ITM and i was determined to do adjustments - but this time w/o giving away any money to market by moving to next expiry- I made 3 plans - (a) agressive adjustment - to sell 14000 PE in 7th and take out all money in the same expiry (b) sell PE and CE on next weekly expiry with 300 to 400 points distance (c) Move to monthly expiry or 21st Jan  I was also on weekly Connect call with my office team- So deviated attention  Series