New positions

As expected Nifty Closed marginally above 5200. Remember we had short sold Dec 5200 ce.

I have the following open position :

NTPC 230 CE @ 8.50

&

NTPC 235 CE @ 6.00

NTPC looks good for 250 spot . A close above 232 is positive. SL for NTPC 226 Spot.

New postions for Jan 2010

Be on a look out for initiating short positions on 4600PE Dec Strike @ 50-60

2 Lots @ 50-60 & 2 lots if premium value reaches 70 - 80

Open positions

I have the following open positions :

Short sold CE 5300 @ 54.5 & Short Sold CE 5200 @ 86 & 26

Range bound startegy Dec Expiry

If you feel spot Nifty will end above 4900 & 5400 you can execute the following STRANGLE STRATEGY :-

Strategy					Profitable		Total Inflow	Max Profit	Max Loss
Short Strangle
Contract	Act	Strike	At	Prem	Above	Below
OPT-NIFTY-31-Dec-2009-CE OPT-NIFTY-31-Dec-2009-PE	Sell Sell	5,200.00 5,100.00	at at	83.50 108.50	4,908.00	5,392.00	9,600.00	9,600.00	Unlimited

Follow up post - 22 Nov 09 recommendations

As mentioned on 22 Nov 09

"One can initiate short positions in the following puts & calls :-

2 lots 4700 PE Dec Strike @ 50-60
&
2 lots 5400 CE Dec Strike @ 50-60"

Both positions have been initiated post 22 Nov 09.

Lets wait or expiry or a suitable time to exit.