May 2024 Performance & June Trading Plan for Nifty & Bank Nifty Options

Hello Guys. I hope you are doing well. Every month I write this post to share my monthly performance of my Premium intraday options strategies and trading plan for the coming month.

Today in this blog post, I will share my May 2024 options trading performance and what would be the trading plan for June 2024.

So read this post till the last to get a clear idea about what I did in the past and what will I follow in the coming sessions.

Before we move to our next section, one thing I just want to share with you.

Remember, nothing in the stock market is permanent. What worked before might not work in the future. Stay observant, adapt to the current situation, and create a trading plan accordingly.

If you keep this in your mind, you will adopt things quickly and when you adopt quickly, you will react quickly. It would help to manage your trades well.

So don't follow blindly whatever you are following to date. In fact, optimise your trading plan based on the current market nature and behaviour.

Previously, I was completely dependent on fixed stoploss strategies, then I started using some dynamic stoploss strategies. Now I'm using some delta-neutral strategies including some manual strategies on the expiry day.

By doing so, I can manage my trades based on the current market behaviour.

Monthly Performance of May 2024

May month was a month of high volatility. We saw a very high premium this month. It was a tough time as options sellers for us. Most of the days VIX was going up and lowering down the impact of theta decay which was the only source for options sellers.

But despite having high volatility, we managed to generate a profit of 4.2% this month. And this is acceptable. What do you say?

Compared to February and March, where we hardly made any money, April and May generated satisfactory results.

The reason is: that I have developed two delta-neutral option strategies (Delite & Ranger) for Nifty and BankNifty that auto-adjust based on the market behaviour.

These strategies manage to handle the market fluctuations more effectively compare to traditional fixed stoploss type rule-based strategies.

• Here is the verified P/L link: Verified P/L Link of Account 1 (Capital deployed = 15 lakh)

One thing I want to mention here: 👇

This month I took some manual trades also especially on expiry days.I have created Iron Butterfly on expiry in Nifty and Bank Nifty.

A few times, I manually handled the trades. Book profit and close the positions before time. I took a few manual trades also based on my trend-following setup.

This is what I said in the first section. Sometimes you have to take the system into your own hands. Money can't be made completely on automation.

A mix of both (Automated + Manually) is always preferable. That's why a basic understanding of market and pricing is required to trade in options.

I have created an Option Strategies: A Mentorship Program, where I have shared everything that is required to trade options more effectively.

From pricing to Greeks, intrinsic value to time value, implied volatility to open interest, rule-based strategies to trend following setup, strategies to their adjustment, whatever we need in our daily implementation, I have covered in this course.

So you should check it if you have passion, dedication and commitment to succeed in options trading.

Trading Plan for June 2024

In May, India's VIX touched a high of 26.19 before the general election. After June 04, after the election result is over, we will see a sharp decline in the volatility.

This is the best scenario for options sellers but like I always say, we must prepare for the worst. So a defensive approach is always preferable.

So I will follow the same defensive approach in June 2024 also. Will follow the system and monitor it very closely. Will manage trades manually whenever required.

I will deploy a major portion of my capital in the newly built "Delite & Ranger" strategies and will follow some manual strategies based on the current market scenario.

If you need more clarification or have any questions, feel free to type in the comment box. I will try to solve based on my experience and expertise.

If you are struggling to manage your account and want to work with me on a profit-sharing basis, you can contact me on WhatsApp.

I hope my article and blog post are adding some values in your trading journey. If you have any suggestions or feedback, do let me know in the comment box.

Have a profitable trading.

Disclaimer: The information provided here is for educational purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.