53600 Call Sell for 3rd July at 60-62

Bank Nifty is in consolidation range, with no upcomming events to trigger a rally, safe to sell 53600 Call at 60 - 62, a good 1000 Points away

Naked Sell , if one wants to hedge sell 1/2 qty put of same price, or buy 1/2 value call for same expiry

Note

52 to54.5, 10 % done so far

Note

62 to 40.45 done, 35 % decay done

Note

62 Selling price , current price 43, sold 51100 PE @ 20 at closing time , to hedge against any gap-up, If flat to -ve opening will cover the PE, if +ve gap opening, this hedge will save to an extent.

Note

covered 51100 at 12, 53600 now 13.5
Rocking move, as expected, wont be carying fwd to tomorrow. as total profit including put and call 60 bucks done

Trade closed: target reached

Squaring at 10

Note

Even with 1000 Point move its still at 10 :) Thats theta for you friends

Puneet2020

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