October 19, 2015

Exited some call writing positions

Trade initiation date is 23-SEP-2015 as per this post.

Exited short call in L&T today
- sold 250 (1500 call) at 55 and exited today at 95 - Loss = 40*250 = Rs.10,000/-
- bought 250 (cash) around 1495 and exited today 1590 - Profit=95*250=Rs.23,750/-
- overall profit Rs.13,750/-

Exited short call in TATASTEEL today
- sold 2000 (220 call) at 11 and exited today at 28 - Loss = 17*2000 = Rs.34,000/-
- bought 2000 (cash) around 221 and exited today 249 - Profit=28*2000=Rs.56,000/-
- overall profit Rs.22,000/-

I am not repeating above trades because (a) IV has dropped substantially and (b) some tax issues.

Still holding similar short position in SBIN call. Will exit this by expiry.

No comments:

Post a Comment