Paper Trade of Options

[munde_77]

Holding position as on 01/08/2011

 

[munde_77]

Sell nifty 1500 nov 5700 ce 169.2
sell nifty 1500 nov 5700 pe 134.2

 

[jain.er]

Hi Munde Good to see you back...

Please if you can share the rational behind this trade

 

[munde_77]

Expecting the market in the range of 5400 and 6000 in the next 15 to 20 days atleast

 

[munde_77]

Sell nifty 1500 nov 5700 ce 169.2
sell nifty 1500 nov 5700 pe 134.2

bought nifty 1500 nov 5700 pe at 108

bought nifty 1500 nov 5700 ce at 166.5

:thumb::clap:

 

[a1b1trader]

bought nifty 1500 nov 5700 pe at 108

bought nifty 1500 nov 5700 ce at 166.5

:thumb::clap:

Will you please elaborate the strategy behind this spread.

 

[munde_77]

I just exited the position of short straddle initiated on 26th sep 2012.

 

[gunsho]

I just exited the position of short straddle initiated on 26th sep 2012.

munde, curious to know, why did you exited earlier here? Still it looks like, market will be within your original range, or just taking away the profit while it is available?

 

[munde_77]

I usually book profit when market is in a narrow range for 5 to 10 days and gives good profit

 

[munde_77]

bought nifty 1500 nov 5700 pe at 108

bought nifty 1500 nov 5700 ce at 166.5

:thumb::clap:

Net Profit roughly between 39000 and 40000