Dear Amar, on break of 16495 we can see a confirm break of trendline and end of upmove started from march. no of world mkts have broken similar trend lines on friday.we have not broken yet.any short moves will be anticipatory one and time decay can kill premiums. i am holding 4400 puts of oct series but time decay has eroded part of premiums.can add it as a lottery ticket.if sharp falls come u can be winner.
sir..can we buy Oct 4200 put as hedge to secure the current rally..which is right now at Rs5.10
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Amar
Dear Amar,
ReplyDeleteon break of 16495 we can see a confirm break of trendline and end of upmove started from march. no of world mkts have broken similar trend lines on friday.we have not broken yet.any short moves will be anticipatory one and time decay can kill premiums. i am holding 4400 puts of oct series but time decay has eroded part of premiums.can add it as a lottery ticket.if sharp falls come u can be winner.