With current rise in TCS, it seems highly probable that the stock does not fall anymore. The rise might be subdued because of the 18% rise in the stock in the month of July 2013. This points coupled with me wanting to make my first thought out safe trade, brought me to selling deep OTM puts. I have sold one lot of 1640 TCS PE at 17.00. The strike is 1 sd away from the stock. The theta gain is 0.48 per day and delta loss is 0.2. By month end I expect to have collected the full premium of 4250.
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