Day 36/365: Option Selling Challenge
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Weekly F&O report has been posted
🎯 Apollo Hospitals Q1 revenue up 15.2% YoY, up 3.0% QoQ. Profit up 59.3% YoY, up 16.8% QoQ.
🎯 Manappuram Q1 revenue up 22.1% YoY, up 6.3% QoQ. Profit (before exceptional items) up 11.6% YoY, down 1.2% QoQ.
🎯 IRCTC Q1 revenue up 12.5% YoY, down 0.8% QoQ. Profit up 12.4% YoY, up 9.4% QoQ.
🎯 Muthoot Q1 revenue up 28.8% YoY, up 7.5% QoQ. Profit up 14.4% YoY, up 0.8% QoQ.
🎯 Heromotocorp Q1 revenue up 15.0% YoY, up 6.5% QoQ. Profit up 23.3% YoY, up 8.9% QoQ.
Our Option Trading positions are taken on the basis of these in-depth analyses.
As I've said before, to do F&O in stocks, you have to be excellent in equity first. And being excellent in equity doesn't mean mugging up the morning and evening star patterns.
And only after that, your F&O skills come into the picture --- which are what's the right time to sell an option. When we are playing for delta, when for time decay and when for volatility decay.
Even after doing everything right, you may go wrong, that's when your hedging skills come into the picture. And for hedging too, one has to act only at the right time.
All state departments have been directed to close accounts and recover deposits, according to an order from the government. No further deposits or investments will be allowed in these banks. The decision has been taken over alleged misappropriation of funds.
The state government has set September 20 deadline for all departments to comply, according to a circular dated August 12 from PC Jaffer, secretary (budget & resources), finance department, which has been approved by CM Siddaramaiah.
"Accounts held in the State Bank of India and Punjab National Bank by state government departments, public enterprises, corporations, local bodies, universities, and other institutions must be terminated forthwith. Additionally, no further deposits or investments are to be made in these banks," the order had said.
One more thing: just when you'll start to think you've learnt enough of F&O, there will be something new the next day in the market.
So be a student for life.