Further news of Imports which may hit the bottom line.
Already the picture is bleak as the average Asian gasoline profit margin this year as of Sept was $4.12 a barrel, down nearly 45% of its value when compared to the same period in 2018.
Trade Execution :
The 230 PE for Sep 26 expiry is trading at 1.60 odd & Cash Price is at 260.
The potential 5 Times is there if the cash price reaches around 230.
Potential Trade of the Month for me.
Risk no more than what you can afford to loose.
HARIBOL
Disclaimer - This is not an advise for you to trade but a journal for my use/record of the trades that i am taking.
Trade closed manually
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Closed Manually @ Avg Price 2.10 Rs, Had Bought at 1.30 Rs..Meaning Profit of 0.80 Rs.
Closed because of the Time decay will be drastic going into the close although the direction is as predicted
@brijeshb30, Sample Risk Calculation ...(If you trading capital is 1 Lakh then buy no more than 1 lot which is at avg price of 1.40 Rs..so you investment amount on the trade is 2100 X 1.40 = 2940..That will be 3% of your trading capital)