EDIT at 11:00 AM :

Bank Nifty is down by 230 points.

PUT 30000 for MAY 30 Expiry is trading near Rs. 990.

KOTAKBK PUT 1360 for MAY 30 Expiry has not traded a single contract till now.

We do not take the trades today.

Will review once again tomorrow morning to see whether the strategy can be set up.

Earlier Post :

As posted on Thursday, the strategy for May Series was not initiated as the likely benefit was not enough for taking the trades.

Let us review whether the trade can be initiated now:

HDFCBANK PUT 2300 MAY 30  Sell 2 Lots  @ Rs. 68.00

ICICIBANK  PUT 400 MAY 30 Sell 1 Lot @ Rs. 16.00

KOTAKBK PUT PUT 1360 MAY 30 Sell 1 Lot @ Rs. 45.00

Credit == 34000 + 44000 + 36000 = Rs. 114000

We shall be hedging with BANKNIFTY PUT 30000 MAY 30 by buying 5 Lots @ Rs. 900.

Debit == Rs. 90000.

Total Credit at Set Up = Rs. 24000.

We can go for this set up.

April Series has been already closed.

A real time post shall be posted around 11:00 am to post the actual prices at which strategy could be initiated.

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.