Market is still showing some signs of correction in bull momentum. I am trying to catch this correction. Succeeded so far in RELINFRA and INFY.
Still holding 5600 PUT at average prize 35. May offload half quantity tomorrow if market slides further to south.
No new position in this week so far!
One can buy TATAMOTORS if it goes above 264.2 in cash.
Alternatively Buy 260 CALL TATAMOTORS if it goes above 8.40 and can be hedged with selling 270 CALL. Risk in this strategy could be Rs. 4000 but if it touches 270 reward could be about Rs. 6000/-. Though risk reward ratio would not be too high, looking at few trading days remaining till expiry this could be a worth try.
One can even buy only 260 CALL option above 8.40 and manage the trade with the "stop loss". Time value will erode very fast though and hence one should be very careful if trade in not moving in desired direction.
Still holding 5600 PUT at average prize 35. May offload half quantity tomorrow if market slides further to south.
No new position in this week so far!
One can buy TATAMOTORS if it goes above 264.2 in cash.
Alternatively Buy 260 CALL TATAMOTORS if it goes above 8.40 and can be hedged with selling 270 CALL. Risk in this strategy could be Rs. 4000 but if it touches 270 reward could be about Rs. 6000/-. Though risk reward ratio would not be too high, looking at few trading days remaining till expiry this could be a worth try.
One can even buy only 260 CALL option above 8.40 and manage the trade with the "stop loss". Time value will erode very fast though and hence one should be very careful if trade in not moving in desired direction.
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