Well when I wrote about Nifty Options trade post between Feb to April 2015 many people wrote to me asking what was the call for January 2015? In that post while mentioning the features of these calls I remember writing, it is a passive call. Normally no active participation required. Yes underline the word normally now. Sometimes market decides to go a big one side rally which normally difficult to anticipate. So, how to make money during such period or what strategy we played to make profits in January? Read on…
We had 2 Nifty Option Calls in January. First one is as usual we started the selling index options at previous month expiry and the second one is starting at middle once we closed the first option trade. Following is the details.
Nifty Option calls Given for January 2015
First Call for Jan 2015
Day of Entry – 24 Dec 2014
Call – SELL 7900 PE and 8500 CE at Dec 2014 expiry
MTM shown is for selling 1000 each of 8700 PE and 9300 CE
Profit realized – Rs.15250
Second Call for Jan 2015
Day of Entry – 06.01.2015
Call – BUY 8200 PE and 8200 CE at the close of first call on 06.01.2015
MTM shown is for buying 1000 each of 8500 PE and 8500 CE
Profit realized – Rs.488050
|8200 PE||8200 CE||MTM|
Second call is a rare opportunity in a market which may occur hardly once or twice in a year. So to make such a huge profit you need to be active once in the normal passive trading. It is worth to be active while just changing the calls to make huge money.
Remember second call has just taken Rs.260850 as investment to make almost double the money invested. So, following is the final profit realized in Nifty options trading during January.
First call – Rs.15250 + Second call – Rs.488050 = Rs.503300
Finally do not ask me why that 8200 PE had bought? It is a secret and I never seen a rich person in market or business without losing money!!