LIC Housing Finance - A crush on you

New position:

Short LIC Housing Finance December 2012 futures @ 219.00   (1 contract)
Long 220, December call @ 5.8   (1 contract)
Lot size: 1,000
Max Loss: Rs. 6,800
Max Profit: Rs. 212,200 (theoretically, if LIC HF goes to zero.)
Profit expected: 9-10,000 (around 210 levels)
Risk: Snap rally.
There you go!

Why the "crush" in the name of the post? LICHSGFIN gave me a housing loan, when my credit score sucked, a few years back. :-)

The curious case of a depreciating currency - Part 2

Booked some profits @ around 53.6 today. Historic low it seems. Saving some more short positions for the 54 mark. Always thrills me to mock a thinger at them analysts. 15 days to go in December, and your front page prediction of Rupee@49 is still a long way away. But then again, you would say very-short-term volatility. Let's wait for March.

I had a dark vision for the Rupee last night. That one, if it happens, will throw our markets into total turmoil. Rupee@78! I know that's evil, and wouldn't take a position based on a silly dream. But then again, you heard it first on IndianOption.


Got a bit bold and initiated another semi-hedged equity position today.