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.

Naked puts - 10 July

Sold the below puts today

• HDIL 25 @ .15
• UNITECH 12.5 @ .05
• NIFTY Aug 5000 @ 8.75 - 2 lots
• NIFTY Sep 5100 @ 21.95
• NIFTY Sep 5200 @ 29.45
• NIFTY Sep 5300 @ 39
• NIFTY Dec 4500 @ 25.95

Please note that loss is unlimited in case of NAKED puts.

Straddle in INFOSYS

Infosys is coming out with its first quarter results tomorrow.
Last 4 quarters we have seen that the share price moving up/down by more than 10% on results day. So the premiums of calls and puts are very high and I am going with a short straddle.

Selling Infosys 2500 call and put would give us an initial credit of 300 rupees.
So we would be in profit as long as the share price stays between 2200 and 2800 on expiry.
We will get a maximum profit of 37500 if Infosys stays at 2500 on expiry.

But remember the loss will be unlimited if Infosys goes below 2200 or above 2800 and hence it is a very high risk trade.

People who feel that Infosys will go above 2800 or below 2200 can consider going for a long straddle. ie,. buying Infosys 2500 call and put.

Naked puts

Sold the below naked puts today

• NHPC 17.5 @ .25
• Aug 5200 @ 15.5 - 2 lots
• Step 5200 @ 28

Please note that loss will be unlimited if the spot price goes below the above strike prices.

DLF again

As global cues are positive, I bought DLF futures again @ 179. To protect this, I have sold DLF 175 call @ 9. This strategy would give a maximum profit of 5000. And the loss will be unlimited if the stock price goes below 170.

DLF Covered call

Bought Dlf futures @ 183
Sold DLF 170 call @ 17.

This gives a maximum profit of 4000 as long as DLF stays above 170. Break even point will be 166. Loss will be unlimited if stock goes below 166.