Tuesday, November 08, 2005

Nifty Trade - The Last Leg

Now is the time to close the last leg of our Nifty Trade. If you remember we have an open position as follows:
Short 1 Nifty Nov 2400 Put
Long 1 Nifty Nov 2350 Put


Close the same as follows:
Buy 1 Nifty Nov 2400 Put @ 21
Sell 1 Nifty Nov 2350 Put @ 12.5


The profit from this leg is Rs. 1050

Total Profit from the trade is 1300+1050 = 2350

Days position held was 14

1 comment:

Anonymous said...

Thank you for giving a very profitable trade....looking forward to more such gems....
best regards..

akpanicker