Thursday, March 7, 2013

Option Strategy for March

Here is 1 Option Strategy that can be tried out.

Sell March 5900 call @ 44 or more.

Hold till expiry.

If Market touched 5900, buy 6000 March Call.

Will keep you updated in this thread if any change in positions

Note: Please refer comment section of this thread for updates.
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6 comments:

  1. ManishMarch 8, 2013 at 8:50 AM

    Goodmorning Nishit,

    Would it be prudent if we sell 6000 Call at today's high rather than 5900 call.

    Most marketmen are looking at 5840-70 now.......

    Pl advise.

    ReplyDelete
  2. Nishit VadhavkarMarch 8, 2013 at 9:26 PM

    If entering fresh positions then 6000 call is perfect.

    If entered 5900 call writing, then today morning hedge was 6000 call at 32.

    Keep holding written 5900 call at 44 and 6000 call bought at 32 till we close above 6000.

    ReplyDelete
  3. Nishit VadhavkarMarch 14, 2013 at 9:47 PM

    I hope you got a chance to exit, the 5900 call written at about cost price and keep holding the bought 6000 call.

    If not look to exit 5900 call bought at 49, at around 5850. We take a fresh look at 5850 or 6000

    ReplyDelete
  4. king makersMarch 18, 2013 at 10:33 AM

    sir i have march 6000 CE 500 shares
    Pl advise.

    ReplyDelete
  5. Nishit VadhavkarMarch 19, 2013 at 7:41 AM

    I hope 5900 CE has been exited.

    If holding 6000 CE which is at 13 ow, wait for RBI policy to get over. If positive markets will rally till 6020 at the minimum.

    If still holding written 5900 CE and 6000 CE as hedge, continue doing so till the RBI policy is out.

    ReplyDelete
  6. Nishit VadhavkarMarch 21, 2013 at 7:32 AM

    If holding written 5900 CE, buy 5800 call @ 26 as cover.

    ReplyDelete

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