In my earlier post, there was a typing mistake about Maruti Hedging.
I had mistakenly mentioned it as SHORT PUT. Please read it as Buy PUT.
The Actual hedging position will then be .
LONG One lot Futures and.
Buy One lot 1250 Put.
One of the readers indicated this error on time . I would like to thank him hor pointing out, otherwise it would have been a big mistake.
I regret the typing mistake.
The Chart below gives the Profit / loss graphically and the spreadsheet gives the P/L at different levels.
| 1,129.59 | 16-Aug-10 | -6,421.15 |
| 1,134.59 | 16-Aug-10 | -6,401.66 |
| 1,139.59 | 16-Aug-10 | -6,376.83 |
| 1,144.59 | 16-Aug-10 | -6,345.51 |
| 1,149.59 | 16-Aug-10 | -6,306.35 |
| 1,154.59 | 16-Aug-10 | -6,257.87 |
| 1,159.59 | 16-Aug-10 | -6,198.37 |
| 1,164.59 | 16-Aug-10 | -6,125.98 |
| 1,169.59 | 16-Aug-10 | -6,038.69 |
| 1,174.59 | 16-Aug-10 | -5,934.31 |
| 1,179.59 | 16-Aug-10 | -5,810.53 |
| 1,184.59 | 16-Aug-10 | -5,664.94 |
| 1,189.59 | 16-Aug-10 | -5,495.04 |
| 1,194.59 | 16-Aug-10 | -5,298.32 |
| 1,199.59 | 16-Aug-10 | -5,072.27 |
| 1,204.59 | 16-Aug-10 | -4,814.41 |
| 1,209.59 | 16-Aug-10 | -4,522.39 |
| 1,214.59 | 16-Aug-10 | -4,193.99 |
| 1,219.59 | 16-Aug-10 | -3,827.19 |
| 1,224.59 | 16-Aug-10 | -3,420.19 |
| 1,229.59 | 16-Aug-10 | -2,971.49 |
| 1,234.59 | 16-Aug-10 | -2,479.86 |
| 1,239.59 | 16-Aug-10 | -1,944.42 |
| 1,244.59 | 16-Aug-10 | -1,364.63 |
| 1,249.59 | 16-Aug-10 | -740.31 |
| 1,254.59 | 16-Aug-10 | -71.64 |
| 1,259.59 | 16-Aug-10 | 640.88 |
| 1,264.59 | 16-Aug-10 | 1,396.38 |
| 1,269.59 | 16-Aug-10 | 2,193.72 |
| 1,274.59 | 16-Aug-10 | 3,031.46 |
| 1,279.59 | 16-Aug-10 | 3,907.91 |
| 1,284.59 | 16-Aug-10 | 4,821.20 |
| 1,289.59 | 16-Aug-10 | 5,769.28 |
| 1,294.59 | 16-Aug-10 | 6,749.98 |
| 1,299.59 | 16-Aug-10 | 7,761.04 |
| 1,304.59 | 16-Aug-10 | 8,800.15 |
| 1,309.59 | 16-Aug-10 | 9,865.02 |
| 1,314.59 | 16-Aug-10 | 10,953.37 |
| 1,319.59 | 16-Aug-10 | 12,062.96 |
| 1,324.59 | 16-Aug-10 | 13,191.66 |
| 1,329.59 | 16-Aug-10 | 14,337.43 |
| 1,334.59 | 16-Aug-10 | 15,498.33 |
| 1,339.59 | 16-Aug-10 | 16,672.58 |
| 1,344.59 | 16-Aug-10 | 17,858.51 |
| 1,349.59 | 16-Aug-10 | 19,054.61 |
| 1,354.59 | 16-Aug-10 | 20,259.51 |
| 1,359.59 | 16-Aug-10 | 21,471.96 |
| 1,364.59 | 16-Aug-10 | 22,690.87 |
| 1,369.59 | 16-Aug-10 | 23,915.25 |
| 1,374.59 | 16-Aug-10 | 25,144.26 |
| 1,379.59 | 16-Aug-10 | 26,377.14 |
