Current Open Trades for Stock Options for April Expiry:
Sold 1 lot SBIN 230 PE at 2.8 . Total Premium Received : 8400
Plan of Action : If SBI closes below 230 by expiry, then take loss for the option position and roll over the contract to May for the same premium.
If it losses in the month of May also and goes below 200, I may convert it into equity by buy 3000 shares of SBI at the time and use covered calls from there on. If it closes above 230, then keep the premium.
Sold 1 lot PNB 80 PE at 1.1 . Its already fallen so much and if it falls more same plan of action as above.
Sold 1 lot INFY 1200 CE at 15 . This is a covered call as I already hold shares.
Sold 1 lot SBIN 230 PE at 2.8 . Total Premium Received : 8400
Plan of Action : If SBI closes below 230 by expiry, then take loss for the option position and roll over the contract to May for the same premium.
If it losses in the month of May also and goes below 200, I may convert it into equity by buy 3000 shares of SBI at the time and use covered calls from there on. If it closes above 230, then keep the premium.
Sold 1 lot PNB 80 PE at 1.1 . Its already fallen so much and if it falls more same plan of action as above.
Sold 1 lot INFY 1200 CE at 15 . This is a covered call as I already hold shares.