So I'm buying Nifty puts for 4400, for August - which will expire next week, so it's a short term trade. The puts were last traded at 139.05, and I will put 40% of hte net portfolio on it - that's 20L. Since each contract (50 Nifty) is 2.2L in size, I'll be buying 8 contracts - or 400 Nifty puts.
The cost is 55,000 and I expect to close this trade next week. Let's see how it goes.
Disclosure: Short the Mini-Nifty today. Just to check something out.
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>hello
hey deepak…..
would it be possible…..for giving coaching one on one to me…..
i have read all u r article……but alas….may be i have a learning disablity…..so it is diffcult for me to understand ………cause right now all of us in a avalanche of information.
it is overwhelming for a simpleton like me…….
08.21.08 at 6:02 PM
>chimak: Sorry a one-on-one isn’t possible. Do read more – the internet is a great teacher, but you have to make the effort…
08.24.08 at 8:34 AM