View: Neutral se halka bullish income. Poora teaching Lesson 21, Cash-secured puts: get paid to wait mein hai. Yeh page reference card hai.
Illustration, not a recommendation. The strikes and premiums on this page are fixed teaching figures, not live quotes, and no strategy suits every account or every market. Read the full disclaimer.
Aapko woh stock saste bhaav par chahiye aur intezaar ke paise milna aapko manzoor hai. Kharidne ki obligation achhi khabar lagni chahiye, warna yeh galat page hai.
Position kaise banti hai
Reliance ₹1,400 par. Monthly 1,350 PE ₹18 par becho (₹9,000) aur poori ₹6,75,000 ki kharidne wali rakam reserve rakho. Assignment hui to asli entry: ₹1,332.
Entry se pehle ke numbers
Max profit: ₹9,000, expiry par 1,350 ke upar kahin bhi
Max nuksan: bada; 1,200 par hi ₹66,000 doobe hue, aur neeche jaate jaate badhta hua
Margin: lagbhag ₹1.2 se ₹1.4 lakh maanga jaata hai; imaandar version poore ₹6.75L ko khaali rakhta hai
Greeks ka profile
Short put = positive delta, short gamma, long theta, short vega. Darr aapko zyada premium theek isliye deta hai kyunki darr kabhi kabhi sahi bhi hota hai.
Sach mein kya expect karein
Banawat se hi ooncha win rate: 0.25 delta wale strike par chaar mein se teen expiry shaant. Jab nuksan aata hai, woh stock jitna bada hota hai. Yeh income ke saath ek shopping plan hai, aur woh sirf cash-secured size par hi bana rehta hai.
Position sambhalne ke rules
Sirf un stocks par jo maalikana test paas karein, aur asli support se neeche wale strikes par
Assignment doosra phase hai, haar nahi: wheel ka plan trade se pehle bana hona chahiye
Doosri strategies ke saath
Covered call ke saath milkar yeh wheel banata hai: assignment aapko woh shares deti hai jinhe call side phir kiraye par de deti hai
Uske neeche ek put kharid lo to yeh bull put credit spread ban jaata hai: un accounts ke liye defined-risk version jo ₹6.75L reserve nahi rakh sakte (Lesson 22)
Skew (Lesson 19) iski structural hawa hai: put bechne wale darr wale premium ka mota hissa kaatte hain, isiliye barabar doori par yeh covered call se zyada kamata hai
Neeche ek door ka protective put tabaah karne wale tail risk ko ek tay band mein badal deta hai aur income ka zyadatar hissa bacha rehta hai: gareeb ki put ladder
Aam galtiyan
Un stocks par puts bechna jo aapko kabhi chahiye hi nahi the, us premium ke liye jo asli risk ka bhaav laga raha tha
₹6.75L ki obligation ki jagah ₹1.3L ke margin se size lena: classic account killer
Crash mein isliye bech dena ki premium teen guna ho gaya; woh teen guna kisi wajah se hua tha