The third set up of the series was closed at around 11:30 am at the prices shown here.

It yielded a profit of Rs. 11087. For the third time, this strategy has given profit in December Series.

New Set Up:

We now set up with HDFCBANK PUT 1260, KOTAKBANK PUT 1700 and ICICIBANK PUT 530.

These are to be hedged with BANKNIFTY PUT 31500 for Dec 26 Expiry.

The credit at setting up is Rs. 11287.

Let us see where it takes us.

Earlier Post:

Everything happened in the last one hour.

The day turned from mildly bearish to very bullish.

The 3 stocks of our traders were gainers. So the sold PUTS went down in value. That adds few points to our mark to market.

There was some loss in BANKNIFTY bought PUTS but it was more than made up by the gains from stock options.

For the third time in this series, the strategy is showing a good quick profit. We do not look a gift horse in the mouth and take the gift gladly.

The trades shall be exited at 10:00 am and new strategy initiated at about 2:00 pm.

Readers can revisit around 2:00 pm to view the new set up.

Trade cautiously, trade profitably.

Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.