Bullish trade in Kotak Bank | Options

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

Comment:

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

Comment:

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

Comment:

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