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SoS trades: Exit Short Calls, Short HDFC Some More

Deepak Shenoy1 min read
Quick Facts
What is "SoS trades: Exit Short Calls, Short HDFC Some More" about?
What category is this article in?
Charts And Analysis
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 15 March 2009.
How long does this article take to read?
1 min read

Time to book some profits and add to the (virtual) short only strategy. Three things to do:

  • Exit Nifty call. Thats about 35K of return on a 14L exposure, which is 2.5%. Not too bad.

Exit Reliance Call. 19K on an exposure of 7.8L, another 2.5%.

Short some more HDFC. I’m somehow not yet comfortable with a P/E of 15 is worthwhile for a stock that won’t grow EPS for the next two years, at least.

Yes, a lot of cash on the table now. Will have to use this rally to build a new set of positions.

Disclosure: Have personal positions in some of the above, not necessarily short (System based).