Update - 5 February 2019

  • It was a sideways day. I was expecting a gapup, but had to settle with a normal opening and a move to the upside.

  • Only 15 points were left on my 26600, 26300 bull put spread so I rolled it over to 26700, 26400 bull put spread for 20 points profit. Added 10 lots.

  • Still holding a naked put sell of 1 lot in 26800.

  • I added another 5 lots of bull put spread at 27900, 27600 for target of 36 points.

  • At 27300, I added 5 lots of bear call spread at 27600, 27900. Premium has already decayed, and I am in profit already. So if there is a strong up move, then I might exit cost to cost or at little loss and will replace it with bull put spread.

  • SGX Nifty is again touching 11000. If the gap up tomorrow is not huge, then will buy 27500 call 1 lot to hedge.

  • I might add some put calendars tomorrow.

Rohit Katwal

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