Date: 30-09-2022
Sold TECHM OCT 800 PE at ₹2.35 for a premium of ₹1410.
Margin required ₹57,770.39.
Reasons for selling:
The previous close was ₹1,007
The strike price is ₹800 which is 20% lower and there are 27 days for expiry. Last time I made a profit of 100% in this stock, and even if it gets allocated I will try to do a wheel strategy.
Max loss is ₹4,80,000 if the company goes bankrupt.
Date: 27-10-2022
The option expired worthless, the price closed at ₹1075 and went as low as ₹984 in between and made ₹1410. Was looking for a similar deal this month but could find any have to check the options chart.
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