Sensex 0DTE, 16-07: Same Structure, Smaller Day
₹221 of net debit, ₹3,744 of profit, and a realised move barely half the size of the week before. Third in the series, and the first one where the shrinking numbers start telling a story.
A weekly log of trades, lessons, and market observations — documented with an engineer's precision.
₹221 of net debit, ₹3,744 of profit, and a realised move barely half the size of the week before. Third in the series, and the first one where the shrinking numbers start telling a story.
Second Sensex condor of the month. In at 09:45 on 13-07, out on the 15th at the 50% target for ₹1,170. It worked, and it proves nothing — because the component that killed the first one, the stop, never got asked to do anything.
129.30 paid, 129.30 collected, net debit exactly zero. A structure with no cash at risk between the strikes, ₹4,472 of profit, and a reason to be careful about the word 'free'.
One long ATM straddle, three short strangles against it, expiring the same day. Net cost ₹1,188, result +₹5,501 — and a payoff tent whose edges lose money at twice the speed they make it.
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