View: Holdings par insurance. Poora teaching Lesson 8, Hedging: insurance for your stocks 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.
Aap apni holdings rakhna chahte ho par crash ka nuksan cap karna chahte ho. Yeh market ka view nahi hai; yeh faisla hai ki ek pata hua premium ek anjaane haadse ki waajib keemat hai.
Position kaise banti hai
₹16.25L ka index exposure rakho (25,000 par 65 units) aur 24,800 PE ₹90 par kharido. Hafte bhar ke insurance ka kharcha ₹5,850.
Entry se pehle ke numbers
Max nuksan: lagbhag ₹18,850, crash chahe kitna bhi gehra ho (strike tak ka 200 point ka gap + premium)
Max profit: upar ka rasta khula, bas hamesha ₹5,850 halka
Put ka −delta holding ko thoda kaat deta hai, aur strike ke neeche use poora kaat deta hai: wahi farsh hai. Short theta: haadsa door rahe to insurance ka premium pighal jaata hai, aur yahi sahi nateeja hai.
Sach mein kya expect karein
Ise trade ki tarah nahi, insurance ki tarah aanka jaata hai: zyadatar hafte yeh premium "gawata" hai aur wahi safalta hai. Imaandar sawaal kharche ka bojh hai: hamesha ke liye haftawari bachav rolling karna mehnga hai, isliye zyadatar professionals chun kar insurance lete hain, pata hui risk wali khidkiyon ke aas paas, ya deductible manzoor karte hain (aur door wale strikes).
Position sambhalne ke rules
Bachav tab kharido jab IV rank neecha ho; chhate baadal aane se pehle sabse saste hote hain
Strike ko deductible ki tarah chuno: paas wala mehnga hai aur zyada bachata hai
Crash ke baad put ek profit centre hai: use jaan bujh kar neeche roll karo ya cash kar lo
Doosri strategies ke saath
Upar se ek covered call jod do to yeh collar ban jaata hai: 25,200 CE ₹55 par insurance ke ₹90 ka bada hissa bhar deta hai, badle mein upar ka rasta cap ho jaata hai. Dono taraf se sasti neend
Bear put spread iska budget wala bhai hai: jab poore farsh wala insurance mehnga lage to chhote premium mein cap kiya hua bachav
Skew padhna (Lesson 19) kharidne ka waqt tay karta hai: shaant market mein chapta skew theek isi strategy ka sale rack hai
Wheel wali position ke against (Lesson 20 aur 21) ek door ka protective put khule stock risk ko ek tay band mein badal deta hai, jabki income wale legs kamate rehte hain
Aam galtiyan
Bachav sirf crash ke baad kharidna, teen guna IV par
Poore portfolio ka 100% waqt insurance karwana aur phir poochna ki return kahan gaye
Hedge ko bet bana dena: girawat ke peeche bhaag kar puts ko aakramak tareeke se neeche roll karte rehna