India Stocks: Managing Risk #4

The "inevitable pull-back" came in the afternoon...and I covered my short Nifty Nov 2600 calls at Rs. 75....recall I had sold these at Rs. 150 as part of the risk management strategy we have employed in building our portfolio for the future.  Current position is:

5% Bank Nifty
15% Nifty
20% short Nifty Dec 2700 Calls : +Rs 225  
80% Cash
+Cash of Rs 75 gain on 20% of portfolio through calls  - Cash of Rs 93 on 20% of portfolio long nifty Dec 2500 puts

Previous posts in this series are:

1. India Stocks: Managing Risk #3
2. India Stocks: Creating the Investment Portfolio
3. India Equities: Managing Risk
4. India Stocks: Continue Managing Risk
5. India stocks: Equity Risk Premium
6. India Stocks: Bank Nifty offering good value
7. India Stocks:  Volatility Exploding...Sell it 
8. India Stocks: 2009 Outlook for Nifty/Sensex

Good hunting.  Be Patient.