Bought 33% shares of #BandhanBank 1 lot in Cash Segment and Shorted 320 CE of September Month 1) shorted 320 CE of September Month @ 2.55
Actions to be taken :- i will gradually buy the stocks once it will go upside as well as go downside. If Stcoks will go down then i will adjust the CE to get the premium from OTM CE.
During Expiry :- if Stocks will stay between 285.5 to 320 in this month then we will be in profit in Cash segment and the option will be OTM and will expire zero.
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Bought more 20% at 295
Total No of stocks becomes : 954 shares Avg price : 289.08
Still i am holding the 320CE
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Squared of 320 CE of September at Rs .55
Made a profit of = (2.55-.55) = 2 Rs
Total Profit made = 2*1800 = 3600 Rs % of Return = 2.13
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310 CE of September Sold at Rs 1.20
Lot Size is = 1800 Amount collected = 1.20 * 1800 = 2160 Margin blocked = Rs 186000
% of Return if not ITM = 1.16129032258064 ~~ 1.1613 Upper Side BEP = 311.2
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Forgot to update here later on.
Trade active
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Squared of 310 CE of September at Rs .4
Made a profit of = (1.20-.40) = .8 Rs
Total Profit made = 0.8*1800 = 1440 Rs % of Return = 0.7741935484
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300 CE of September Sold at Rs 1.25
Lot Size is = 1800 Amount collected = 1.25 * 1800 = 2250 Margin blocked = Rs 209000
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Squared of 300 CE of September at Rs .2
Made a profit of = (1.25-.20) = 1.05 Rs
Total Profit made = 1.05*1800 = 1890 Rs % of Return = 0.9043062201
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330 CE of October Sold at Rs 7.35
Lot Size is = 1800 Amount collected = 7.35 * 1800 = 13230 Margin blocked = Rs 168000
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Squared of 330 CE of October at Rs 6.45
Made a profit of = (7.35-6.45) = 0.9 Rs
Total Profit made = 0.9*1800 = 1620 Rs % of Return = 0.9642857143
Trade closed manually
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Squared off my all positions :-
In Equity , Closed all at 293 So made profit = (293-289.08) * 954 = 3.92 *954 = 3739.68 Rs
in Derivatives, Total Profit made = (3600+1440+1890+1620) = 8550 Rs % of Return = 4.77