elections results are coming in june

let's buy options

let's buy a call and a put 

so that we make money if the market slides hard either ways

but wait, you already have a long position

you only need to hedge

hence you need nifty, bank nifty, and fin nifty puts

 of course, if there are cheap calls, don't say no to money

assuming a 2 day lower circuit breaker hit, and a bounce back to 19 and eventually 20

a put at 21 will fetch 1k, and 50L = 5000 puts at 21

too late

by the time i say this , markets have already moved 

best time to do this was start of may, or even april

didn't realise nifty options can be purchased for a year ahead, plus they are cash settled

this means actual equity will have less punters moving things around

of course, some iis will be following exactly this logic and punting in delivery-settlement-based-equity-options