6/1
Sold
12050 PE 30JAN 140
12000 PE 30JAN 150
Covered
2 lot NF 12115 --> Gain: 280 pts
7/1
Sold 2 lots 12200 30Jan 48
Bought 2 lots 12500 30Jan 12
difference 36*2 = 72 pts Gained.
Spreads
Covered Call Spread:
Buy CE 12200 16Jan 20 Lots @ 115 --
Sell CE 12500 30Jan 20 Lots @ 45 --
Squared off two pairs gained 70 pts -- Balance 18 Pairs
Short NF
20 Lots @ 12255 (Premium: 35 pts) --
Balance 18 Lots
Gain: 280 Pts
Sold
12050 PE 30JAN 140 6/1
12000 PE 30JAN 150 6/1
12050 PE 30JAN 155 7/1
11950 PE 9 Jan 45 8/1 Expired
Collected 490
In this confusion over US-Iran, we collected 70+490+280 points = 860 points.
Action 9/7
Squaring off one entire set
Sell 2 lots 12200CE 30Jan 145-115=30*2 pts gain. Taking advantage of high volatility
Buy 2 lots 12500CE 30Jan 45-30= 15*2 pts gain.
Cover 2 Nf 12255-12195=60*2 pts gain. Trend might change. Lets take of whats left.
---------
Total gained: 60+30+120=210 pts.
Complete gain: 860+120 = 980 points.
But...
with 16 NF in hand of 12255 and CMP 12255 --> breakeven
Covered Call Spread:
Buy CE 12200 16Jan 20 Lots @ 115 CMP 150 100 --> loss 50 points = 800 points loss.
Sell CE 12500 30Jan 20 Lots @ 45 CMP 40
------------------------------
Total Loss 800 points
Grand Total comes to a loss of 980-800 = 180 points of profit
Position squared off! at a notional profit of Rs.216000