Day 36 Option Selling Journal | Nifty 50 | +₹5,564.00 | Trading the Triple Bottom Reversal
📊 Daily Summary
| Metric | Value |
|---|---|
| Date | 30/03/2026 |
| Instrument | Nifty 50 Options (07 Apr Expiry) |
| Strategy | Intraday Bear Call Spread |
| Total P&L | +₹5,564.00 (Green) |
| Capital Used | ₹2,50,000 |
| ROI % | +2.22% |
📝 Trade Breakdown
Trade #1: 23150 CE (The Short Leg - 2 Lots / 130 Qty)
- Entry: 10:02 AM @ ₹215.00
- Exit: 11:25 AM @ ₹165.00
- Result: +₹6,500.00 (+50.00 pts)
- Note: Deployed to capture the morning downtrend. The execution was slightly delayed due to a rejected order at 9:59 AM, but the leg quickly went into profit as the market slid.
Trade #2: 24150 CE (The Hedge Leg - 2 Lots / 130 Qty)
- Entry: 09:49 AM @ ₹26.65
- Exit: 11:25 AM @ ₹19.45
- Result: -₹936.00 (-7.20 pts)
- Note: Bought 1,000 points wide. It decayed slightly during the hold time, a small price to pay for margin reduction.
🧠 Analysis & Psychology
- The Setup: Deployed a Bear Call Spread early in the session to align with the initial downward momentum.
- The Reality: "Closed my trades as, price was not able to break the low of the open candle. It tried 3 times to go below but it failed." The 10-minute chart clearly established a hard floor around 22,470.
- Execution & Discipline: "As per experience this results in a reversal most of the time and MACD is also supporting for a reversal." Instead of blindly holding the position and hoping the support would break, I read the price action and technical indicators. I actively chose to close both legs manually at 11:25 AM to secure the +₹5.5k profit before the anticipated bounce could wipe it out.
- Psychology: Exiting early based on technical confluence (Triple Bottom + MACD) rather than fear or greed is the mark of an evolving trader. This was a highly discretionary exit that required trust in my own chart-reading abilities, and it paid off perfectly.
📉 Visuals
💡 Key Takeaways
- Price Action Trumps Time: Sometimes, the chart tells you to leave early. A support level that holds three consecutive tests is a screaming signal to take your profits off the table.
- Indicator Confluence: Using a momentum indicator like MACD to confirm the weakness of a trend breakdown provides high-confidence exit signals.
- Secure the Bag: Locking in over 2% ROI before noon and getting the rest of the day back is the ultimate luxury of option selling.
Disclaimer: This is my personal trading journal for educational purposes. Also, the entire post is formatted via Gemini AI, but the trades and psychology are 100% real.
— IAm#Mansis r/IndiaOptionSelling - Join this community.
Posted Mar 30, 2026, 6:15 AM UTC
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