2023-05-12 Before Karnataka Election Result Hedged Profit +5230

• Fri, May 12, 2023
• One-minute read

Call IVs Stalled, Put IV Spiked before Karnataka elections result

• People may be taking Long Vega strategies.
• Hence big volatility in the morning.
• Small spike in Vix.
• Expecting markets to go up, but have good proteection downwards.
• Infact I am safer far down than far up.
• Also added a strangle.

Added Positions

Current Position

Pay Off