Bullish trade in Kotak Bank | Options

Jan 15, 2023

Kotak Bank

Bank is in bear zone for long, looks like to rebound as per dour indicators
Hence taking bullish trade with hedges

Shorted 1900 PE
Hedged around ~1750

Target 20k+ per lot

Updates to follow

Jan 21, 2023

Note

made ~2 point/lot profit in Jan expiry, Rolled over to Feb expiry. Price went against trade yesterday, so updated position


Here's my current position ( FEB expiry)

1900 PE shorted at 134
17660 PE bought at 10.75

Jan 23, 2023

Note

Booking 70% around 105. 30 points profit/lot ~12000/lot

Jan 23, 2023

Note

100% booked around 100, will reenter if kotak falls again or breaks out 1800