Friday, October 28, 2005

Our Nifty Trade - Follow Up

If you remember our Nifty Trade had two different legs a put and a call portion. Now is the time to close the Call spread.
Our position was as follows:
Short 1 Nifty 2400 Call @ 80
Long 1 Nifty 2450 Call @ 57


We close the same as follow ( current market price 11 am 28 Oct)

Buy ( to close) 1 Nifty 2400 Call @ 30
Sell ( to close) 1 Nifty 2450 Call @ 20


Profit Booked is Rs 1300

Now our position is
Long 1 Nifty 2350 Put
Short 1 Nifty 2400 Put

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