Trading Infosys - 6/15/2016
It seems like much of the good news has been priced into the Infosys stock. Appointment of Mr. Vishal Sikka as CEO brought much needed fresh air into the culture and stock responded with enthusiasm. But as usual, after the initial exuberance wanes, investor demands not just good future projections but implementation and execution too. Nothing against the stock or the company or Mr. Sikka's leadership but it is the nature of publically traded company's investors to constantly seek for the next bone to chew for. If they don't get it, they will throw tantrums and become impatient.
So while the new leadership is executing those rosy ideas, stock may not move much in upward direction until it is backed by solid numbers.
We got into Infosys around July last year and trading with upward bias with holding core long position since then. But now it seems like a good time to cash in some and start writing upside calls on bounces ( covered call strategy ) to get that premium. Or buying puts during the bounce higher makes sense. Never short a good stock, buy put instead. And never write naked call options, no matter how bad the stock or the situation is.
So while the new leadership is executing those rosy ideas, stock may not move much in upward direction until it is backed by solid numbers.
We got into Infosys around July last year and trading with upward bias with holding core long position since then. But now it seems like a good time to cash in some and start writing upside calls on bounces ( covered call strategy ) to get that premium. Or buying puts during the bounce higher makes sense. Never short a good stock, buy put instead. And never write naked call options, no matter how bad the stock or the situation is.
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