Bullish view on Colpal. These are my personal trades that I'm putting here for tracking and educational purposes.
Trade active
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Short 1400PE CMP22. Capital requirement 6,00,000 Rs (6 Lakh). Target 1% per month.
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Close 1400PE Dec expiry or trail with SL. Want to short 1400PE or 1420PE 27 Jan, 2022 but it is currently illiquid so will wait.
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No positions taken in January. Shorting 1400PE Feb, 2022 expiry. LTP 33.4.
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1400PE Feb closed in 3 Rs ITM. So I didn't take delivery and rolled over to March Put. Shorted 1400PE Mar @48. If you've taken delivery, spot is @1439.3. So you can either close this or write a call.
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1400PE is again at 42. So, if you missed chance last time you can short today. Also shorting 1500CE LTP 7.65
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Shorting 1500CE was a bad idea. Placing a buy order @20 and SL@30. If SL triggers, will close 1400PE LTP 9.2 as well.
Trade closed manually
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Current Standing: 22 (Dec) + 0 (Jan) + 33.4 (Feb) + 48 (Mar) + 7.65 (Mar CE) - 3 (Feb PE) - 30 (Mar CE) = 78.05 points. 78 points is approximately 4.5% on investment of 6L which is not ideal. One mistake cost us 30 points. Hopefully, you guys were taking other positions with the left over margin.