4600 PUT available at 76.5 can be sold at current levels.. buyback at 2 or less..
Return 76.5-2 =74.5 x 50 = 3725-600(transaction cost) =3125 on investment of 25,000
that is a return of 12.5% in 29 days..
NIFTY 4700 PUT will be a sell tomorrow (Dec 29,2011) at any price below 10 or wait for target buyback Rs 2/=
HAPPY NEW YEAR
PN: suggestion is only for one lot of NIFTY PUT. One can also select these options..
NIFTY-4600-PUT JAN @ 76.50 make 3125 on investment of 25,000 return 12.5%
NIFTY -4500-PUT JAN @ 55 make 2050 on investment of 25,000 return 8.2%
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4 comments:
Hi Pralhad,
I have sold the put at 87 rs today only one lot....Hope it turns out good.
MyOwnWorld..InMyWords:
Well 4600 @87 means you will not make losses even if NIFTY Closes at 4523.. (other than transaction cost..)
so its a safe bet (that's my take..)
=happy investing
whatsup-indianstockideas.blogspot.com
Hi Pralhad,
Booked profits today, bought the Put at 49.00 today. So, in all a profit of 1750.00. Will again follow this strategy if 4600 Call touches 90-100 price range again.
THanks for the call.
MyOwnWorld...InMyOwnWords:
See.. the time value component has lost some value.. so even though the index might fall to the same level as last time.. the NIFTY-4600-PUT will not fall to 87..
So for NIFTY-4600-PUT to fall to 100 will be a little difficult..
Keep the buy rate based on Index level.. ofcourse .. 4600PUT should be at a price greater than 49..
Congratulations on your 1750 profit on 25,000 investment thats 7% in 1 week!!
Great !! Congrats.. Dont spend but roll it for future investment (A tough act.. but worth trying..)
at 7% per month compounded for 4 yrs.. 25,000 becomes 6,43,222!!
See the big picture!!..
=happy investing
whatsup-indianstockideas.blogspot.com
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