Bank Nifty Options Trading -19jun2020

“ICICI Bank – 25 June – 370 Call” was our chosen Option for today. We bought it yesterday at 5.85 and bought again at 4.85 and 3.85 today, to give average price of 4.85, and we sold these options at 5.85 and 6.85 (avg 6.15), giving Rs 1.30 profit on cost price 4.85, or 26% gain. Even if we had not bought more options today, we would have got gain of Rs 1 on cost price of 5.85, or 17% gain.

Trade#1 Summary: Buy at 5.85 for Target 6.85 with Stop loss 3.00
Trade Result: Target hit (in the afternoon), giving 17% gain.

Trade#2 Summary: Buy at 4.85 for Target 6.15 with Stop loss 3.00
Trade Result: Target hit (in the afternoon), giving 26% gain.