Maruti Cash Covered Trade Wheel#2 #1

Short 6800PE CMP126.
Capital requirement 10,00,000 Rs (10 Lakh).
Target 1% per month.

This is continuation of my Maruti Cash covered trades posted in Sensibull for which I can't post link here.

For historical reference
T#1 - Shorted 6400PE @23 (July)
T#2 - Shorted 6800PE @71 (Aug)
T#3 - Shorted 7200CE @22 (Aug)
T#4 - Shorted 7000CE @90 (Sept)
This ended with some sweet profit.

Comment:

Shorting 6800PE Oct @124 (market price)

Comment:

T#2 Placing 9000CE short @24.

Comment:

T#2 didn't trigger. TSL 6800PE Oct @10
New T#2: Short 6800PE Nov @180

Comment:

Didn't close short 6800PE Oct, still holding. If you've closed, no issues.
Short 6800PE Nov @180 still not opened. Hoping to getting it filled somewhere around 150+

Comment:

Had great prices this month but got stuck with firefighting Nifty & BN so missed.

No trades were taken in Nov. Current P/L = 23+71+22+90+124+24 = 354 Points.

Trade active:

Recent low made = 6990.
Shorting 7000PE CMP108.

Comment:

Shorting 7000PE 27 Jan, 2022 expiry CMP103
Close 7000PE Dec expiry or let it expire worthless. Keep SL for Dec PE CMP0.10 as per capability.

Comment:

No new positions. Closing this as my Maruti is not coming to 7000 and I don't think it's worth the risk at 8000.
Total points = 354+108+103 = 565.
Capital = 10 Lakh
Months = 4
Return = 5.65 in 4 months
Yearly ROI = 16.95.
This isn't bad considering full capital never got deployed and other trades were taken during this period.

Trade closed manually