Have invested in many companies which are a play on the growth in the real estate industry. Astral, APL Apollo, Polycab, KEI, Asian and Berger Paints etc. One area I seem to have missed out on is Home Finance.
Canfin Homes is looking like a good candidate at around 670. Strong stock with sound balance sheet to exploit growth opportunities. Even better it enjoys excellent premiums in Options. Plan to jump in with small qty and sell an ATM Straddle at around 85-90.
Bought Stock at 678 and sold a 680 Straddle for 90
That was fast! Will shift the 680 Straddle to 700 if the Price crosses 710.
Relative Strength. Canfin Homes outperforming Nifty 200 which is outperforming Nifty 50
Oops! Wrong comparison. Canfin Homes is not in Nifty 200 but in Nifty 500. But the picture is very similar
Rolled up the 680 Straddle to 700 at virtually no cost.
Sold a 660PE for 17.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.