PVR - Wait for it to come back to 1600 to buy puts

Mar 3, 2023

Resistance - 1600
Target - 1400
Puts @ IV of 28% (relatively cheap)
Bear Flag already in play - wait for it to come back to the 21 to short
Other factors - below 200 DMA, bearish momentum and similar moves in the past
Stop loss - 70 (cost of the put) + Time stop is 30 days (mar expiry)
Other risks - Market becomes extremely bullish

Mar 12, 2023

Note

NSE PVR Short is a good idea for the coming weak as the stock has shown a breakdown - target 1400 is likely if the nifty breaks below 17300 - continue to hold long puts / short outright with stop loss at 1600

Mar 13, 2023

Trade active

We have a 1400 handle and i have taken 50% of my position off. Hold the rest for target of 1400

Mar 15, 2023

Trade active

Retake puts that one squared off - this one is giving another chance to reload on puts for April.
The recent bounce above 1550 didnt clear the 21 day EMA - so it is still in a bearish phase

Apr 4, 2023

Trade closed: target reached

* Worked out well as target of 1480 odd achieved. All i have left on are some short call spreads - taken off all the puts