I started with stocks like HUL SBI ITC HDFC Sunpharma TCS HCL Drreddy. All ended up in very good profit but got stuck with drreddy. I still have drreddy in my holdings and now I have been selling 5000calls. I had taken delivery of it at 5000 because my 5000pe came ITM. But if I consider the total premium that I have collected from drreddy is around 800 points in last 2 years. So my net cost is 4200. And that’s the current market price.
Then once stocks went up I felt it’s better to switch to index. So started doing with with banknifty. Came ITM twice. But then since it recovered I do no have any position there.
Wanted to reduce risk further so switched to nifty. Now it’s been almost 1 year. I do this only with nifty. As I mentioned yesterday my 17000pe came ITM and now am long on it. Will close this long position when we go back to 17800 and then sell 17500 put. This is how I keep increasing my levels of strike.
This was posted in July 2021