Catchup week and a decent recovery from a potential loss

23-Apr-2023

It was a quite productive week as I was able to complete and got few reviews done on the profile. I was able to catch up on my walk. It is still fewer steps from normal but better than the last few weeks. I had small session on tennis also this morning. Also, looked at few home options at #Bangkok, though didn't find anyone great. I am still awaiting on US Visa moving forward but have only 3 weeks left to sort this out. I guess, next few weeks are going to be busier with a lot of action coming on the work front. It always like this, so I am not panicking and take a step at a time. 

I am glad, Pallavi is okay after recent infection that she got and that kept me very worried. She needs to gain weight as it is already at a critical point, so she has to be happy, less stressed and also feel content from her job. This is my top priority, and a part of my brain keeps on thinking about it. Second on the personal front is where Anvay going to land up. I prefer he gets to some NIT, but that doesn't seem to be an option so have to look for alternates. And yeah, I need to read his book.

Yesterday, I had a catchup with Tina and k-Fon and also met Deepak Bhatia and Pete over dinner. Some gossip, personal lives and yeah, usual chit-chat. It was nice to see the guys after long. I guess this is the important part of our role that we do to drive things and relationships pay an important role in making that happen. 

I am still juggling to make the profits for April, but as of last Friday, I have considerably recovered from the loss-making nifty call positions with the net loss of around 29k. I am not sure if I can turn it around from red to green in next 5 trading days. I should be thankful to #Infy, whose results spook the markets and stopped the upward trend giving me a chance to recover. The direction is not very clear, but banking can drive it up as large banks seems to post good numbers and most of the downside from the tech is already priced in. 

My going in strategy is to add some short positions on the May calls and more puts on the downside to catch up with my April loss.  I will still call it a decent recovery for my positions as, last week I was looking at around 200k loss, which would have been very bad. My priority is still to get April to profit and see how to improve on my trading positions setup. I need to look at the hedging options like moving to iron fly or iron condors from strangles. 

Read this week that #India is now the most populous country something we shouldn't be very proud of. The load will put further constraints on jobs, and limited resources that the country has. It will now take decades to rollback this, once everyone starts to think about this problem from objective reasons. On the economy side, the rates cycle seems to have peaked out and this likely to be the good news for the bulls which means downside risk for markets may be limited. 

vA