Exit from NIFTY 5900 put @ Current CMP Rs. 21.35 & hold NIFTY 6200 Call in Long Strangle generated on 29 Oct 2010

Status in Long Strangle generated on 29 Oct 2010


The Call was "Buy NIFTY 6200 Call @ Rs.61 or between Rs. 40 to Rs. 60(according to your risk level) + Buy NIFTY 5900 Put @ Rs.77 or between Rs. 60 to Rs. 80(according to your risk level"


Current Status :-
NIFTY 6200 Buy Call @ Rs. 61
NIFTY 6200 Call CMP Rs. 120


NIFTY 5900 Buy Put @ Rs. 77
NIFTY 5900 Put CMP Rs. 21.35


So Profit in NIFTY 6200 Call = 120 - 61 = +59 Points per lot or Rs. 2950(50*59 Points)per lot.
Loss in NIFTY 5900 Put = 77 - 21.35 = -55.65 Points per lot or Rs. 2780 (50*55.65 Points) per lot.


So, Overall Profit = +2950 - 2780 = Rs. 170 per lot


You are requested to exit from NIFTY 5900 put @ Current levels Rs.21.35 and hold NIFTY 6200 call. Market will see the new highs from coming days. If you have 4 lots in NIFTY 6200 Call then book partial profit means sell 2 lots and keep remaining lots for more profits but at least book 50% profit here because investment amount has been doubled Rs. 61 to Rs. 120 in NIFTY 6200 Call so, book your cost right now.