Don't tell stories, collecting premium and keeping it with you.
With 1 lakh how many lots can u short call or put.
Making everybody fool, with 1 lakh you are selling 29 lots ?. R u trading in exchange or grey market.
You need my earlier posts to understand it all...maybe you have not read them.
Anyway I NEVER said I bought 29 lots with 1 lakh
Of course the margin I paid to write these Calls is way above 1 Lakh BUT like I stated earlier, the margin money I paid to write these Calls is almost like
collateral to me, that will be refunded back to me after Dec-expiry coz these Call options will expire OTM....hence I do not count the margin blocked for that... towards my RISK-CAPITAL ! Simple
Since I get to keep the premium I collected and Brokerage cost me only 7/- per lot.... its a multiple DOUBLING trade if you count just brokerage etc as expenses in this trade :thumb:
Now do you get what I mean ?