Today is August 2016 expiry day for derivatives so please close all your positions before 3.30 pm, if possible by 3.15 pm.
You can leave the Out of The Money (OTM) bought or sold options to expire worthless to save your money on brokerage and STT. Rest you should close just to make sure you are not taking any chances as this will be closed by the NSE, BSE, or MCX or wherever you are trading. If you are trading in next month’s Future or Options there is no need to close. You can close them only if your trade is over, they will not expire today.
Happy Janmashtami 2016. Enjoy the day.
Peace to all – which in my view is more important than money.
If you have lots of money but no peace and no good health than even if you have a million dollar (more than 6 crore rupees) its just piece of papers that’s all. You must be able to enjoy the money you have in the correct way.
VIX: It is fallen today by 2.74% so people who have done my course try to book profits if it has reached the level as described in my strategies. Then wait for the right time to enter.
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Dilip Shaw, Founder
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