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amrutham

Well-Known Member
Entered into below stock option positions for May expiry.

Sell 1 lot SBIN 220 PE @ 3.15
Sell 1 lot PNB 80 PE @ 1.1
Sell 1 lot INFY 1220 CE @ 14

Net credit = around 22K

Planning to hold these positions until May expiry.
 

VJAY

Well-Known Member
Entered into below BN position for May monthly expiry. Please note that these are naked shorts.

Sell BN 24000 PE 200 Qty @ 207
Sell BN 25500 CE 200 Qty @ 188

Net credit = 79K
Dear amrutham,
Whats your plan for this naked position against gap opening?or EOD take any hedge for Short PE?
 

amrutham

Well-Known Member
Dear amrutham,
Whats your plan for this naked position against gap opening?or EOD take any hedge for Short PE?
Vijay,

No hedge for this position. Hence the position size is limited to 5 lots.

It is safe in BN 23600 - 25900 range. If it gaps up/ gaps down beyond this range, will book the loss.
 

amrutham

Well-Known Member
Vijay,

No hedge for this position. Hence the position size is limited to 5 lots.

It is safe in BN 23600 - 25900 range. If it gaps up/ gaps down beyond this range, will book the loss.

Since you have mentioned it, I looked at BN 24000 PE for May 03 expiry and its available at 12. I think it makes sense to protect it down side.

Will take this hedge position by EOD.

Thanks.
 

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