We are back to a trading day after the long weekend.

Markets all over the world were in the red on Friday but our markets were closed. That effect may be seen today. Nifty closed at 9859.90 on April 30 with a good gain of 3.21% on the day.

As discussed in the previous post in this series, a new set up with selling near strike PUTS of the 10 heavy weight stocks and hedging by buying NIFTY PUTS was started on Thursday. Those trades did very well on the first day itself.

Let us look at the lazy trades first.

Nothing much here. We are in very flat territory here.

We stay with the trades and do nothing.

Not So Lazy Trades:

As the PUT prices varied with individual price movements of these stocks, there is a far better profit with a similar risk profile.

It is early days yet to make a decision about the effectiveness of the strategy in different market conditions. We shall watch over next few months and see how it works out.

Stay lazy, stay happy.

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.