Weekly adjustment to position

Hi,

Last week's position has been reviewed. This is how it looks like now:

The position is in profit now with Rs 1132 profit being shown in the initial credit / debit field in top left corner of the first image.

Now lets analyse delta of the position as on today. Look into the first image and you will notice current delta of the position.

The sold puts have negative delta of 0.16 while sold call has positive delta of 0.29. We have 150 puts sold against 100 calls. This make total delta of calls @ 29 (100X0.29) while sold puts have delta of @ 24 (150X0.16). This means position delta is somewhat positive.

Considering the headwinds seen on horizon, this looks to be OK and we do not need to do any position adjustment. (Since the lot size available is 50, by selling 50 more puts. This would have taken the total delta to 32 (0.16X200). However, the position would have become heavier on the put side. Since we have somewhat negative view for next week, we are not doing that).

Until the next week then, sit tight and keep watching.

Regards

Abhijit