July 2014 --- One more exciting month on the way.
Budget, Results season-- Its going be a roller coaster ride and it should a wonderful opportunity for the traders to make some money.
Again I would be trading Infy till the results...I would go for the covered call in Infy...

Zerodha 60-day challenge certificate

Naked puts 16/7

Since banks are in deep red today, I have gone long in bank shares hoping that there would be some pull back...

Sold below puts today

• NIFTY 5600  @ 7.75 - 2 lots
• Bank NIFTY 10700 @ 43.5 - 2 lots

Also I have bought ICICI bank futures at 1009.

Exciting week ahead

9 more trading sessions to go in this series.

We are starting this week with bad IIP data, and we have many more events coming up this week - like WPI data, results of Reliance, TCS etc..

And bad news for Udayan fans - He is stepping down from his full time job in CNBC TV18.. From Sep 1st we can no longer see him anchoring some of famous shows in TV18. I have been watching his shows from past 9 years and I have learnt a lot from his analysis/market commentary. We are going to miss him a lot.....

I will update my trades in the posts to come...

Please share your suggestions/trades here....

Short straddle in Infy again

Sold Infy 2550 put at 176 and 2550 call at 174.

A very risky trade.

Infosys NAKED options

Sold below calls

1950 @ 17.5
2000 @ 22.5
2050 @ 25

Sold below Infy puts

3050 @ 20
3100 @ 16

Short Strangle - INFY

Good morning guys.. SGX Nifty is trading above 5900 - Up by almost 100 points and also all the Asian markets are trading in green.

Its a big day for markets tomorrow. Infy is coming out with results and given the volatility in the stock price on results day, the option premiums are very high.

As some of my friends observed, deep out-of-money options are trading at huge premiums.
2000 put @ 19, 2050 put @ 23.. 3000 call @ 18.5, 3050 call @ 15...

So I am planning to go with Short strangles - Selling 2000,2050 puts and 3000,3050 calls.. I am planning to square off these positions 1-2 days after results...

Note that the profit is limited and loss is unlimited in this strategy...

Please post your trades and suggestions in the 'comments' section. Have a nice trading day ahead.