Recent content by marinemonk

There's no need for an ETF as there are options on the index traded here itself. I'm trying to find a strategy that takes away the problem of timing. As you said, if I was clear on timing and sure that IVs are going to rise, the simplest thing would be to buy a straddle. I'm afraid that's...

India will have its once in five year general elections at some point in the next 7 months. If the current government does not decide to call them earlier, they will have to be held in May 2014 as the term of the current government expires then. It is almost a given that IVs will rise from...

Thanks to everyone who replied. I did book my loss and get out, so that chapter is closed.

I trade index options on the Indian CNX Nifty Index (Bloomberg NIFTY:IND). Two weeks ago, with the Index at around 5300, I had sold 5800 calls expiring on the 26th of September. I did not sell the corresponding puts immediately as the market had run up over the past two days and I thought I...