Smart trade can you explain your maruti trade in your free time ..!
Well, no great strategy...I have been bullish on the market and along with many scrips was holding Maruti long in my investment portfolio. Then ICICI bank, SBI,TCS all were going up and Maruti was stagnant for some time....so sold my investment position in Maruti and used the cash to buy the counters which were going up and as I was confident that Maruti is in uptrend, bought Maruti Sept Futures....it came down a little after I bought.....now with that position in good profit, sold that today and sold 2800 puts to add a icing of 51 points on the cake. If Maruti retraces below 2800 I will be happy to go long...if it continues going up without giving a correction, atleast 50-51 points extra are added...that is all...In the meanwhile I could free some cash and bought some Maruti Suzuki in cash markets too on the dip....all liquidity management ...
Smart_trade