Colpal cash covered wheel #1

1 dic 2021

Bullish view on Colpal. These are my personal trades that I'm putting here for tracking and educational purposes.

1 dic 2021

Operación activa

Short 1400PE CMP22.
Capital requirement 6,00,000 Rs (6 Lakh).
Target 1% per month.

30 dic 2021

Nota

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.

24 ene 2022

Nota

No positions taken in January. Shorting 1400PE Feb, 2022 expiry. LTP 33.4.

5 mar 2022

Nota

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.

7 mar 2022

Nota

1400PE is again at 42. So, if you missed chance last time you can short today. Also shorting 1500CE LTP 7.65

10 mar 2022

Nota

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.

1 abr 2022

Operación cerrada manualmente

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.