On the second trading day of the short, the cost fell to 145.
Another point to note:
Our target was swiftly achieved. Primarily because the prices went anti-trend. Hence, put prices which are at a good premium (when compared to equi-distant call prices) faced reduction. Had this move been with trend, then profits would be none to minimum.
With this experience we can adjust the target. In similar scenario, if prices move against anti-trend then target 15%, else only 8%; Proper understanding of forces at work will increases strike rate. Soon, the method will cross the threshold of success.
Open to comments.
Thank you.