6/1

Sold

12050 PE 30JAN 140

12000 PE 30JAN 150

Covered

2 lot NF 12115 --> Gain: 280 pts

7/1

Sold 2 lots 12200 30Jan 48

Bought 2 lots 12500 30Jan 12

difference 36*2 = 72 pts Gained.

Spreads

Covered Call Spread:

Buy CE 12200 16Jan 20 Lots @ 115 --

Sell CE 12500 30Jan 20 Lots @ 45 --

Squared off two pairs gained 70 pts -- Balance 18 Pairs

Short NF

20 Lots @ 12255 (Premium: 35 pts) -- Balance 18 Lots

Gain: 280 Pts

Sold

12050 PE 30JAN 140 6/1

12000 PE 30JAN 150 6/1

12050 PE 30JAN 155 7/1

11950 PE 9 Jan 45 8/1 Expired

Collected 490

In this confusion over US-Iran, we collected 70+490+280 points = 860 points.

Action 9/7

Squaring off one entire set

Sell 2 lots 12200CE 30Jan 145-115=30*2 pts gain. Taking advantage of high volatility

Buy 2 lots 12500CE 30Jan 45-30= 15*2 pts gain.

Cover 2 Nf 12255-12195=60*2 pts gain. Trend might change. Lets take of whats left.

---------

Total gained: 60+30+120=210 pts.

Complete gain: 860+120 = 980 points.

But...

with 16 NF in hand of 12255 and CMP 12255 --> breakeven

Covered Call Spread:

Buy CE 12200 16Jan 20 Lots @ 115 CMP 150 100 --> loss 50 points = 800 points loss.

Sell CE 12500 30Jan 20 Lots @ 45 CMP 40

------------------------------

Total Loss 800 points

Grand Total comes to a loss of 980-800 = 180 points of profit

Position squared off! at a notional profit of Rs.216000

Sold

12050 PE 30JAN 140

12000 PE 30JAN 150

Covered

2 lot NF 12115 --> Gain: 280 pts

7/1

Sold 2 lots 12200 30Jan 48

Bought 2 lots 12500 30Jan 12

difference 36*2 = 72 pts Gained.

Spreads

Covered Call Spread:

Buy CE 12200 16Jan 20 Lots @ 115 --

Sell CE 12500 30Jan 20 Lots @ 45 --

Squared off two pairs gained 70 pts -- Balance 18 Pairs

Short NF

20 Lots @ 12255 (Premium: 35 pts) -- Balance 18 Lots

Gain: 280 Pts

Sold

12050 PE 30JAN 140 6/1

12000 PE 30JAN 150 6/1

12050 PE 30JAN 155 7/1

11950 PE 9 Jan 45 8/1 Expired

Collected 490

In this confusion over US-Iran, we collected 70+490+280 points = 860 points.

Action 9/7

Squaring off one entire set

Sell 2 lots 12200CE 30Jan 145-115=30*2 pts gain. Taking advantage of high volatility

Buy 2 lots 12500CE 30Jan 45-30= 15*2 pts gain.

Cover 2 Nf 12255-12195=60*2 pts gain. Trend might change. Lets take of whats left.

---------

Total gained: 60+30+120=210 pts.

Complete gain: 860+120 = 980 points.

But...

with 16 NF in hand of 12255 and CMP 12255 --> breakeven

Covered Call Spread:

Buy CE 12200 16Jan 20 Lots @ 115 CMP 150 100 --> loss 50 points = 800 points loss.

Sell CE 12500 30Jan 20 Lots @ 45 CMP 40

------------------------------

Total Loss 800 points

Grand Total comes to a loss of 980-800 = 180 points of profit

Position squared off! at a notional profit of Rs.216000

jokes apart. could you please explain the logic of covered call ? and how exactly you manage/ like if gap up gap down.. do you take any ta in consideration or stuff like that pls ?