With the market way overbought and the FAST overbought, it's best not to press your luck :) So decided to get out of this after slight run up in the FAST in the morning today even though market is down lil bit. So closed as follows for a 35% profit in less than 2 weeks ( week and 2 days to be precise).
sold x FAST May 40 calls for 11.7 [11.7-8.7 = 3; 3/8.7 ==> 34.5%]
Of Course, this is not substantial amount as only 1% of my portfolio was deployed. But then, the risk in the trade was also very less exactly for that reason :)
sold x FAST May 40 calls for 11.7 [11.7-8.7 = 3; 3/8.7 ==> 34.5%]
Of Course, this is not substantial amount as only 1% of my portfolio was deployed. But then, the risk in the trade was also very less exactly for that reason :)
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