Tuesday, April 29, 2014

INDIAVIX and Natenberg - Update

The 7300 Call was sold at 104 and 6500 Put was sold for 109, for a total of 214. The break even points are 6286 and 7514. A range of 1228.

The prices today are 54 for the Call and 125 for the Put. That is a sum of 179, a profit of 35.

To continue the trade, the plan is to buy back the call at 50, for a profit of 54 and sell the 7100 call for 102.
Now 109 + 102 is 211 and the booked profit of 54 added gives a margin of 264 on both sides.The break even points now are 6236 and 7364. A range of 1100.

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