Profit calculation of 1st hedging position of Feb.2010 :
Position taken on 05 February 2010
Sold Options of March.2010 Series and Hedging to be done by Nifty Future of February 2010 Series.
Current Premium of 4600 Call = 332
Current Premium of 4900 Put = 176
Total Current Premium = 508
Nifty Future Points gained by Hedging 4870 - 4810 = 60
(We could go long in Nifty Future at 4810 as per rules.)
Points gain at the time of selling both options = 555
Net gain in points 555 - 508 + 60 = 107 Points
Target : 200 Points by 19-23 February 2010. But we have not yet been able to target. As I have already mentioned in my previous post that we will hold this position till budget and exit at an appropriate time because we may not make fresh position for hedging before budget presentation. So hold for the time being.
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