Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Sos: Exit all positions, buy Nifty put

15 Apr 2009Deepak Shenoy1 min read

Quick Facts

What is "Sos: Exit all positions, buy Nifty put" about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 15 April 2009.
How long does this article take to read?: 1 min read
What topics does this article cover?: Nifty, SoS Trade

The stop loss of 3400 has been breached on the Short Only Strategy. Since I only use end-of-day prices, and this was the first day the EOD price crossed 3400, it had to be today when the exit was reached.

The return has dwindled to about 2.67% (annualized) now, which is pathetic. Gotta take care and get into the next downswing. Luckily there wasn’t too much of a position on this time, otherwise the losses would have been intense. Still, I see a huge downmove, so I’m content buying a few puts - 1000 to start with - looking for a 10% move down. That may not happen this month, so capital must be allocated to stretch across months.

My apologies for not keeping this updated - I get small bursts of time to microblog (Twitter) so have ignored the sheet. It’s updated now.