As I have indicated in the morning hours, I have just entered on JULY 8000 PUT options & average made at Rs. 125.00 ....!
Only from the value , which I have closed the PUT 8100 Jun ---- which we made the exit at Rs. 160.00
( the overall 50% back up amount is still un-touched....)
Entry price @ Nifty spot is 8070.....!
So, now we have the cushioning of Rs. 35.00 - including the service charges....
I will update you later with the report card.....!
Now the combo is almost 125 + 80 = 205......!
Which is almost equivalent to our entry price of Rs. 242 - minus today's gain....of 35...!
Now we need to aim for the profit + taxes...!
So, nothing to worry... Keep a cool head....!
Will catch you soon...!
with kind regards,