Perfect Hedge

I am initiating this PAPER trade from today and will track its P/L.

14 Oct 09 -10:23 am
Long NF(29 oct-1 Lot) : 5110
Long 5100 Put(29 Oct-1 Lot) : 95
Short 5200 Call(29 Oct - 3 Lot): 59x3 = 177(Cr)

Will update it as frequently as i can.

15 Oct 09 -10:04 am
Long NF(29 oct-1 Lot) : 5129
Long 5100 Put(29 Oct-1 Lot) : 81
Short 5200 Call(29 Oct - 3 Lot): 57x3 = 171(Cr)

P/L
Long NF(29 oct-1 Lot) : 5129-5110 = 19
Long 5100 Put(29 Oct-1 Lot) : 81-95 = -14
Short 5200 Call(29 Oct - 3 Lot): -(171-177) = 6

Net : +11

16 Oct 09 -10:13 am
Long NF(29 oct-1 Lot) : 5112
Long 5100 Put(29 Oct-1 Lot) : 84
Short 5200 Call(29 Oct - 3 Lot): 50x3 = 150(Cr)

P/L
Long NF(29 oct-1 Lot) : 5112-5110 = 19
Long 5100 Put(29 Oct-1 Lot) : 84-95 = -14
Short 5200 Call(29 Oct - 3 Lot): -(150-177) = 27

Net : +32

why is this a perfect hedge ? how did you calculate the 3lots of 5200 call ?
could you please explain...

Thanks,
Pavan

sir why you have posted your paper trade... that strategy i think is good one
if you have traded this strategy pls reply about the status of the strategy whether it is profitable or not .. where the risk is ?


pls help the members