BKB Diary

bkb

Well-Known Member
Script: DLF
Expiry 26-May-2022
Lot size: 1,650
CMP (Futures): ~340.95

View: Short

Buy 360 CE @ 7.00
Short DLF Futures
Sell 300 PE @ 2.85

(not a trading recommendation, just a paper trade)
Position closed today.
Current Status:
Long 360 CE CMP 0.00 (MTM loss = 7.00 - 0.00 = 7.00) (Left as it is as no buyer)
Short DLF Futures CMP 309.40 (MTM Profit = 340.95 - 309.40 = 31.55)
Short 300 PE CMP 0.90 (MTM Profit= 2.85 - 0.90 = 1.95)

Net MTM on the position at close = Profit 26.50 per Lot
 

bkb

Well-Known Member
VODAFONE IDEA LIMITED

In F&O, Next month (28-Jul-2022) expiry:
11 CE : Offer for sale @ 0.25 Qty is 332,50,000 (475 lots of 70,000 each)

This seems quite unusually high quantity, specially if compared with qty at 0.20 and other near by tick price.

Any views why this is so?
 

bkb

Well-Known Member
Script: VODAFONE IDEA
EXPIRY: 27-OCT-2022
Lot size: 70,000
View: Long

Long Put 9.00 PE (Oct expiry) @ ~ 0.50
Long Futures (Oct Expiry) @ ~ 9.20


Reason:
As some experts/Press have mentioned - the prospect for the write-off of legacy dues of telecom companies in exceptional circumstances.

Duration:
I am ok to continue position as stated above, with relevant/near option strike and Futures, for three to four months.
 

bkb

Well-Known Member
Script: VODAFONE IDEA
EXPIRY: 27-APR-2023

As per NSE option chain data, volume for 7 CE is 3,345 and 'CHNG IN OI' is '-10'.
So, does it mean less than 1% of traded volumes here were to close open position(s), rest all were just day trade?

Is my understanding correct? It tried to look it in combination of, say Long Futures and short this CE, or Long this CE and Short higher strike CE, etc.
But not sure what/how to interpret it.

Request your inputs on the same. Thanks.
 

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