Nifty Option strategy as high IV Due to Election Result

[trader_ks]

Hi Mukul,
Your original investment was
Short Nifty May-2014 CE-6200 @ 550
Short Nifty May-2014 PE-7200 @ 572
Total: 550+572=1122
Current
Short Nifty May-2014 CE-6200 @ 1110
Short Nifty May-2014 PE-7200 @ 26.65
- 1137.65(still loss)
Now point is that you holded this strategy during election with only hope of gaining few points with unlimited loss.
So can you disclose what you did to protect yourself(market shown 7600 peak during election day, How you handled it?) and learning if any.

 

[mukuldunnu]

Hi Mukul,
Your original investment was
Short Nifty May-2014 CE-6200 @ 550
Short Nifty May-2014 PE-7200 @ 572
Total: 550+572=1122
Current
Short Nifty May-2014 CE-6200 @ 1110
Short Nifty May-2014 PE-7200 @ 26.65
- 1137.65(still loss)
Now point is that you holded this strategy during election with only hope of gaining few points with unlimited loss.
So can you disclose what you did to protect yourself(market shown 7600 peak during election day, How you handled it?) and learning if any.

I m talking about wedmesday 21-may close price