Let us have a look at NIFTY.
With almost 80 points down we should be rejoicing as we had lots of PUTS in our portfolio. But it was not to be. Hindustan Petroleum and State Bank remained high. On the other hand, Hindustan Unilever gave up a lot today thereby causing the CALL 1520 price to go down. M&M is anyway turning out to be a wrong case.
What was given away by the above Options was given back by TATAMOTORS and BHEL.
BHEL 80 PUT closed at Rs. 5.60. I had thought I was smart to exit at Rs. 4.90 yesterday.
TATAMOTORS made yet another 52 week low.
Here is the status of the first 6 selections:
The status is almost same as it was on Friday.
But the big difference was made by the other Options.
MARUTI went down by more than 2% at one stage and PUT 8600 traded at Rs. 318 also. But the stock recovered handsomely after that and the PUT closed at Rs. 195. ( Buy Price— Rs. 95 ). Notional Gain– Rs. 7500.
UPL went down significantly and our PUT 680 recovered very smartly. At one point it went up to Rs. 14.00 also.
Last Traded Price was Rs. 11.00. ( Buy Price— Rs. 9.00 ). Notional Gain— Rs. 2400.
HCC 15 PUT had gone up to Rs. 0.75 but came down later.
Closing Price– Rs. 0.35. Buy Price– Rs. 0.50. Notional Loss— Rs. 2250.
These 3 trades give additional profit of Rs. 7650.
Not a bad day but could have been better if SBIN had followed the general market trend.
By the way, VEDL PUT 260 suggested at Rs. 3.20 too did well.It ended the day at Rs. 4.10. Not a bad trade.
As the Expiry approaches, we have to exercise caution while trying to squeeze in some more profit. More about that in a day or two.
Time to add Bharti Airtel to the PUT selections.
We can go for 360 put at the current price in the range of Rs.6-7.
For the present, let us stay with these trades and let the market do its best for us.
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.