With limited participation and encouraging Data point US Equity market is cruising to close this year into a flat to positive note.I like to look Volatility index (VIX) of S&P in these type of circumstances.
Now its trading at 20 levels,if market stay flat to positive next 4 trading days of this year.it will be coming neat to 52 week low of 14.27,then a sure short SELL OFF is possible in 2012.
.So Watch VIX carefully
HOLDING (1) 4600 PUT JAN CONTRACT @ 75 tgt 125 then 165
HOLDING (1) 740 AXISBANK PUT @ 2.85 first tgt 6.5 then 14 then 21 (Expiry )
HOLDING (1) 5000 CALL @15 after
Booking one @ 35 which was brought at 17 on Dec 15th.
This two position will hit targets or expires. (Max loss = 1500)
Total Profit till date Rs.10700
Now its trading at 20 levels,if market stay flat to positive next 4 trading days of this year.it will be coming neat to 52 week low of 14.27,then a sure short SELL OFF is possible in 2012.
.So Watch VIX carefully
Disclosure (Positions)
HOLDING (1) 4600 PUT JAN CONTRACT @ 75 tgt 125 then 165
HOLDING (1) 740 AXISBANK PUT @ 2.85 first tgt 6.5 then 14 then 21 (Expiry )
HOLDING (1) 5000 CALL @15 after
Booking one @ 35 which was brought at 17 on Dec 15th.
This two position will hit targets or expires. (Max loss = 1500)
Total Profit till date Rs.10700
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