Date: 30-09-2022
Sold MUTHOOTFIN OCT 800 PE lot 375 at ₹5 for a premium of ₹1875.
The margin required ₹51792.88 it will be a cash-secured put.
Reasons for selling:
The previous close was ₹1033
The strike price is 105 which is 23% lower and there are 27 days for expiry. Sold because the strike price is 23% below market price and even if it gets allocated I will try to do a wheel strategy.
Max loss is ₹3,00,000 if the company goes bankrupt.
Date: 27-10-2022
The option expired worthless, the price closed at ₹1041 and went as low as ₹1007.45 in between and made ₹1875. Was looking for a similar deal this month but could find any have to check the options chart.
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