Thursday, February 28, 2013

Update on Budget Strategy

If one had gone for the Put Strategy,

Morning 5800 feb put got for 24 and 5800 march put possible to sell at 75

End of day 5800 feb put fetched 109 rupees which means 87 rupees profit.

87+ 75 = 162 rupees profit so far. We are covered till 5638. 200 EMA at 5649 so a bounce on cards

Morning 5800 feb call at 60 bought and march 5800 call written at 125.

During the day I hope some money could be salvaged in 5800 call and march 5800 call at 57 so made 68 rupees.

If salvaged money Feb 5800 call at least 20-30 rupees profit.

Risk free money made.

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