February 8, 2016

Positional short trade in NF 7700 call and 7300 put with hedges

- sold 7300 put and bought 7200 put - max profit 16 points
- sold 7700 call and bought 7800 call - max profit 20 points
- position to be held till expiry
- max profit 33K if NF closes between 7300 and 7700
- max loss 58K if NF breaks 7200
- investment 8.2L plus some more kept in reserve for a naked long trade


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