SoS: ICICI Bank Stop Lossed, DLF Put added

The rest of the positions are still within the limits, but the performance sucks - a -6.56% return in a year is terrible. And I didn't take advantage of the great fall, not quite as much as I should have. Even now, it's tottering at the edge. There is a lot to learn; cycles can be vicious both on the upside and the downside!

Not giving it up of course; there will be more positions to build. DLF seems weak in the last few days, and there's a chance this down move over the last few days will continue another 20 rupees. So in comes the 390 put at 13.45 - a small quantity on a very short term move (Expiry is 24 Sep).

Disclosure: No positions. Do not follow this strategy, it is not a recommendation. It's an education, and primarily for me.

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This entry was posted on Saturday, September 12th, 2009 at 2:44 PM and is filed under ShortOnly. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.