Hope you all are having a great trading in March Series. For all our followers who trade in options, here is the update on the Voltas options call which we had suggested in our blog post on March 4, 2014. In case you missed it, here is the link:
We had a bullish view on the counter and to encash our view, we had suggested shorting Voltas 125 PE at 1.30-1.50. Its time to pocket all the premium as the 125 PE is worthless at 0.05! We have pocketed a total profit of 24000/- in this trade.
The stock is yet looking strong and is currently trading at 152.
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