I got yesterday wrong and it cost money. That comes first.

Graded one and a half out of five. I said we would open 23,440 to 23,490 and we opened 23,576, nearly double the gap. I said we open on the magnet at 23,450 and we opened 126 points above it. I said support at 23,400 then 23,300 and both broke. I said 180 points of implied move were left after the gap and the actual range on the day was 474. We settled 23,118.60, which was also the low of the day.

The iron fly, in full. Short the 23,450 straddle, long the 23,650 call and the 23,250 put, 200 wide. Credit at the open 114.45, and at settlement the structure was worth the full 200. That is a loss of 85.55 points, 6,416 rupees on a 75 lot, and it is the full maximum. Here is the separate point: the naked 23,450 straddle, the one I told you not to sell, collected 168.60 and settled  ...