neneram

Reliance Infra strategy with cheap Insurance

Short
NSE:RELINFRA   RELIANCE INFRASTRU
Hi all ,
No naked buy /sell of put/call , Target mentioned on chart

Buy 420 March call @ 7.25 (cheap insurance against our real trade below)
Buy 420 April put @ 24.5

I see a risk of 5 rs in this trade i.e 1300*5 = 6500
So you need a capital of 1 lakh for this trade, People with lower capital ,this trade is not for you.

Trade must be exited if we see profit , or on march expiry next week.(with whatever profit /loss )

No over leverage ,options are risky , consult your financial adviser before investing


Trade active
Comment: Folks Today 2.30 - 3.0 pm we will exit our march calls , and lets see if we will buy April 420 call
Comment: Folks we will square off our cheap insurance i.e 420 March call @ 6 i.e 1.25 rs loss .

We will take 420 april call @ 24 and we will continue this trade
Comment: Avoid paying heavy duty STT on in the money 420 call , square of right away , Don't let it expire , it will be exercised and there is Heavy STT charge
Trade closed manually: Folks our call cost 24 , put cost 24.5 and insurance loss of 1.25 i.e total 49.75

Right now 420 call is @ 50
And 420 put @ 3.75

i.e we are making 4 rs on this trade, Screaming exit , Book profits.

Book Profit , Exit , Exit ,Exit.
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