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April 21, 2014Time: 12.50 pm
Mid Market Report:
- Markets are trading as expected.
- Most European markets are closed.
- So no global cues for the afternoon trade.
- Reliance is flat after Q4 results.
- Wipro is down by more than 5%.
- Banking stocks are doing well.
- VIX has shot up by 15% (I really do not know how they are calculating VIX)
- Our view about the Nifty remains the same as morning.
Comments
i write yesbank 450 call and 400 put.Today yesbank reach 440.Is that any possible to reach 450 with in expiry? if yesbank reaches 450 or above what can i do next,
ReplyDeletethanks in advance
You sell additional put options. I sold 400, 410, 420 and 430 puts. If Yes bank crosses 445, then cut 450 call and move to 460 Call.
ReplyDeleteVIX is constantly rising due to out of the money options activity in May, June series in call+put options. IV's are too high.
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