prediction based Trade 79: US market -profit booked

Prediction based trade 79 was initiated on prediction of strong mid week correction in US market. 6 Put options purchased at average price of 2461.67   Shortly after the previous posting when nasdaq was at 2436 down about 21 points, nasdaq breached a low of 2423 breaching profit booking target of 2425.   On 6 lots purchased, total profits is 6*( 2461.67-2425)*$10= US2200. Since for options as opposed to futures we consider only 50% of profits from mini Nasdaq($10 mini nasdaq) profit from trade 79 is $1100 or Rs 44,000 approximately( At $1=Rs 40)

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