Close the ICICI Bank Options for a Gain
May 22, 2014 - 12:03 pmSix days ago we put on a synthetic long position on ICICI Bank (IBN) by buying the Sept $50 Calls for $3.80 and selling the Sept $50 Puts for $3.95. This trade was meant to be short term and for a quick profit, and we're taking the money and closing these positions. The Puts are being bought back for $2.90, and we sold the Calls for $4.30.
The profit on the Puts is 26.6%, and profit on the Calls is 13.2%. Total return just shy of 40%