(paper trade)
What: Options sold on 29 Jan 2024 for one month at a strike price of 85.
The current price (written on 25 Feb) is 82.85. Hence high probably the movement shall be in my predefined price range.
Why did I choose this share?
A great friend told me. (That's not a good reason haha.). (The reason he told me was due to me asking for a share that has a lower rupee amount).
Just to keep my head around the mechanics of selling covered calls, hence picked a number that's easier on my comprehension.
So basically no real reason. Hence I am not good at picking shares (atleast right now).
After this trade, I did pick up SBIN, but I was wrong, I will write in another post.
2.5% is nice.