My Current Trade

Hi all,

As mentioned in my opening post, here is an update about my current trade.

Position taken on : 11 July 2012

Nifty Call sold : 5300 Strike - July Expiry

Nifty Call Bought : 5400 Strike - July Expiry

This is a credit spread and had given me net credit of Rs 48. (quantity of Options 100)

As on today, the position has resulted in notional profit of Rs 24 as the market has moved downwards.

As mentioned in my introductory post, KST indicator had given an early signal about reversal happening in nifty.

I intend to keep holding the position till expiry. Hope to pocket Rs 4800 from the option spread position if nifty stays below 5300. (if that happens, that will be cool 12% on the margin amount of Rs 40,000)

I will keep updating the post.

Abhijit