NSE:COLPAL   COLGATE-PALM (IND)
Buy: 1625 or CMP
Target: 1700
SL: 1603
Hedge: Sell 1700CE @10 or CMP

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Disclaimer:
I'm a student and currently learning. My ideas are best suited for paper trades. Consult your financial advertisers before making any investment/trading decision.
Trade active: @1622
Comment: Taken hedge Sell 1700CE @9.8.
Comment: March hedge Short 1700CE is OTM, so no worries.

Putting sell order for next month's hedge, Sell 1700CE Apr expiry @9.00. Current by price 1622-9.8 = 1612.20.
Comment: Cancelling Sell 1700CE April due to illiquidity. Will wait for a liquid position to build up, will sell around ~20.
Comment: April hedge. Shorting 1700CE @9.6.
Trade closed: target reached: Target hit.
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