Yesterday, I bought BankBees worth βΉ30 lakhs and took Covered Call on Nifty (not Bank Nifty) with βΉ30 lakhs.
At present:
β’ BankBees is in profit of βΉ78,000
β’ Covered Call is in loss of βΉ13,000
Covered Call was bullish Debit Ratio Spread:
β’ Buy 1 lot 23,200 CE
β’ Sell 2 lots 24,000 CE
Since it was a debit ratio, I covered the debit by selling 27 lots 24,800 CE.
Why 24,800 CE?
Because it lies beyond all the levels where the highest volume has accumulated over the last three months as per Volume Profile.
Today, due to weekend uncertainty, I made the same adjustments that I recently explained on my YouTube channel.
Can you figure out what adjustments I made?