neneram

Banknifty Mar expiry strategy

Short
neneram Updated   
NSE:BANKNIFTY   NIFTY BANK
Hi All,
No naked put/call buy/sell

Put following strategy
Buy Banknifty mar 31000 call , 1 lot @ 35
Sell Banknifty mar 31200 call , 3 lot @ 23 , aggressive traders can sell 4 lots if you have capital

Net credit is 34 points (3 lot sell) , 57 points if 4 lot sell .

In case of 3 lot sell , Risk point is 31300 which is like 1500 points above today's close, i.e 300 points daily in next 5 days, very very low probability.

P.S options are risky , consult your advisor before investing
Comment:
31200 @ 6.5 , 31000@9
So square of 31000@9 and let 31200 run to zero, Don't worry there is some 33 lakh openinterest between current banknifty value and 31200 strike.
Comment:
Can enter following trade on Monday

Buy 30900 call @ 10 , 1 lot
Sell 31000 call @ 9 , 3 lot


P.S options are risky , consult your advisor before investing
Comment:
So folks its profit booking time , Take it home and enjoy.

Free your capital and mind , Lets see for another trade
Trade closed manually:
Profit Booking , Money , Money , Money.......
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