11 Sept Strangle - total Premium 21 Bucks
Safe strangle for 11 Sept for begginers or conservative traders.
Sell 52200 Call at 12.5 and 48500 Put at 8.5-7
Total premium take home would be around 20 Rs.
Agressive players can sell 52000 and 49000 and so on
Please note this is a naked sell and any gap openings can completely throw this out of proportions, to hedge buy respective farther legs.
Sell 52200 Call at 12.5 and 48500 Put at 8.5-7
Total premium take home would be around 20 Rs.
Agressive players can sell 52000 and 49000 and so on
Please note this is a naked sell and any gap openings can completely throw this out of proportions, to hedge buy respective farther legs.
Note
Call still same price , Put already fro 8.7 to 7.3, thats 15 % decay in less than 15 minutesNote
From 20 to 1.5 Rs now. Trade closed: target reached
Target done, hope you guys understood the concept of far OTM selling to get safe money
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