Thursday, January 1, 2009

HCLTEC an opportunity missed

On the day I wrote for HCLTEC Covered call it was at about 110 Rs. And the chance of covered call sale of 115 beyond 10 Rs. never existed as no takers.

Today (4 days later) HCLTEC Crossed 124 Rs. This is about 14 *650 = 10,000 Rs. return on 65000 Rs. if one had bought 650 shares of HCLTEC at 110 and exited today at about 124 Rs.

Some times covered calls missed also give such rare opportunites. This is really a marvellous return of 14 Rs. on 110 for 4 days If some calculates the percentage p.a I think its really a great percentage

Watch out for such info.

JK.

0 comments: