Mahindra and Mahindra Leverage Trade

21 de jul.

For the very first time I am publishing this idea that I recorded today. M&M has been consolidating for a while, it made a high if 3222 in September 2024 and has been consolidating for 11 months. Has tried to breach the level many times, but failed. Had been tracking this recent move. I mostly take the leveraged trades so the stock fits the pick. Started picking up around 3180 when it bounced back from the lows of 3152. I bought 3200 calls, with an Avg price of 65. Scaled up with 3300 Calls at an avg price of 31. All journaled and recorded live today. Not a rocket science, just tracking the simple candlestick patterns. Also had HDFC Life 740 calls which I squared off today and made some profits, which gave me additional leverage to carry on additional risk of 3300 call. Also bought some position in MTF at an avg price of 3210. As of now trade seems safe. Would post as we go along and close the trade. Hope for the best.

21 de jul.

Nota

This is not a trading or investment advice, just an idea. Please don't copy trade or invest basis the idea.

22 de jul.

Trade ativo

Stock kept the upward momentum and survived for the second day. for options, 3300 call slipped in loss in early hours, but bounced back 11:15 AM onwards. The volatility expansion on Daily candle hasn't happened, that doesn't make the options trade a very exciting one. Volatility expansion on daily candle is a must for options to make decent money. For cash (MTD) this is looking like a decent trade.