Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

Strangle update: booked some puts, still hold calls


I bought a 2850/2900 November strangle on Friday, as per my last post, for Rs. 500 total.

I’m in Delhi on a week’s holiday so I placed some orders to take care of huge moves…and the orders went through – half my puts are out at Rs. 550 each. I still own half the puts, and all the calls, and I’ve covered 55% of my total cost – marked to market it’s still only a 20% profit or so.

I have to figure out how to create a system out of this…A profit target of 30% each way should work, I think, but this requires some rigour now.


Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial