I do not wish a BIG RISK But buying INTRADAY 6200 CE looks like a good DOUBLING opportunity!
If spot-NIFTY does go above 5980 and stays beyond that till BUDGET, 6200 CE would give some DOUBLING is what I feel...but cannot be sure right now! Will think about it...in case it looks like that later!
Coz the 5900 PE should lose value pretty fast in the run-up to the BUDGET
Hence averaging it by WRITING additional lots at higher levels...:thumb:
Right now, my average WRITING 5900 PE stands at 68.75/- for lots held now...lets see whether I have to add more tomorrow ......OR I can head down towards profit-booking