Trade 1:
Short ATM PE 11600 18th APR 52 ... 2... +50 ... squared off.
Buy PE 11500 25th APR 52 ... 10... -42 Still Holding
Now, only way I will make good gains, if price comes back down. Inspite of a 200 pt move, we didnt make much. Therefore, it appears, if I had purchased OTMs I would be better off.
A fresh Trade 3:
Buy 100 points OTM 11900 25th Apr at 42
at + 100: +48
at - 100: -26
RR is good and the trend is on our side.