Hi Shivam, can you please share me more details on ur Banknifty strategy, want to try it out. With the ups and downs on the strategy.
This is wonderful and actually I was planning to buy 200 bankbees and write a call every week. I can simply sell the bankbees in case the market moves too high. But the problem is when the index (and the underlying shares fall 2-3% in a week and continue that trend for 4-5 weeks. I think a ten percent move is not unusual in nifty in a quarter. How do you protect from the possible downside? God forbid, if your stocks purchased for 6.15 laksh fall by 10% over 4 weeks, the call option with a strike price more than spot price at the time of your purchase will not give even 0.2% week. Please share your idea in greater detail as this is something that can be done without losing sleep and without being before the system all the time.
In an hour.
