Punters' Paradise

Futures & Options Trading => Our Current Trades => Topic started by: Michael Gonsalves on Aug 23, 2021, 05:04 PM

Title: Cash Secured Put in Havells for premium of Rs. 26250
Post by: Michael Gonsalves on Aug 23, 2021, 05:04 PM
According to an expert, Havells (CMP 1270) has formed a "flag pattern" and is likely to surge to Rs. 1350. So, I sold a Sep 1200PE for a premium of Rs. 26.25 each. Even if the stock does not surge and even it dips a bit, I can still keep the premium.

(https://i.ibb.co/YR3cD2q/havells.png)

https://twitter.com/jbhanushali9/status/1429656358345789449

Title: Re: Cash Secured Put in Havells for premium of Rs. 26250
Post by: Michael Gonsalves on Aug 24, 2021, 02:44 PM
https://twitter.com/RajarshitaS/status/1430012987893370886
Title: Re: Cash Secured Put in Havells for premium of Rs. 26250
Post by: Michael Gonsalves on Aug 25, 2021, 05:51 PM
Unfortunately, the analysis was not correct. Havells has plunged 4% and is at my strike price of 1200. There is a MTM loss of Rs 16000. Let us see whether it recovers and closes above by the expiry.
Title: Re: Cash Secured Put in Havells for premium of Rs. 26250
Post by: Michael Gonsalves on Sep 02, 2021, 03:46 PM
Thankfully, Havells has recovered to 1356 with the result that I have gained on the Puts of 1100 and 1200.

As of date, there is a handsome gain of Rs. 28000.

(https://i.ibb.co/6BjhhyD/havells-options-strategy.png)
Title: Re: Cash Secured Put in Havells for premium of Rs. 26250
Post by: Michael Gonsalves on Sep 06, 2021, 04:34 PM
I booked profit of Rs. 22250 in the 1200 PE. I had rolled over the 1100PE to 1300PE.

(https://i.ibb.co/zfbPMrW/havells-options-strategy2.png)