For the Short Only Strategy, I’ve had to do some stuff:
- Rolled over ICICI Bank and Unitech over to the September Futures. Prices are way below, so the rollover (buying back Aug future and selling Sep future) has resulted in a positive cash value.
- Closed the 4400 put at a price of 186 – a profit of Rs. 47 from about a week ago. For 400 Nifty, this is a booked profit of Rs. 19,200, with brokerage taking about 3k out.
- You might notice that I’ve put fairly high values of brokerage in there, but this strategy isn’t dependent on low brokerage.
Yes, if I had done this, I would have to pay income tax on the profit. I can’t see why that should stop anyone from making a profit.
At this point the SoS deal is up 75.9L. With less than 20% of the cash deployed, the profits are about 1.5% on the whole portfolio, in about two weeks. Too early to say it’s good – let’s see after six months or so. But I’ll keep this blog updated.
Click here for the full spreadsheet.
Disclosure: No current positions. As usual, this is education only, please don’t trade this, blah blah blah. You should NEVER consider this to be advice; it’s just my own fundas, just for myself.
