r7888911518

Bear Call Spread

Short
r7888911518 Updated   
NSE:NIFTY   Nifty 50 Index
As i discussed in my last post if Nifty reaches to my Reasistance zone I will create an Option Strategy so i did created "Bear Call Strategy" by selling a Call of 15700 and against that Anchor unit bought an offset uinit of call 15950 for perfet spread i want to buy 16000 CE but it was not liquid at that time and was available only for Intraday you can't convert it to Holdings. Here i want to state that both calls are of next expiry as a day after tommorow is expiry day and i didn't want that my options epires worthless. "TRADE RIGHT, SIT TIGHT"
Trade closed manually:
Booked profit in Bear Call Spread because expiry is one week away and more than 50% gained in 2 days so no fun to wait till whole week will design another one if opportunity arises.

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