BankNIFTY Theta System - Weekly Expiry Strategy (2 Lot)

BankNIFTY is likely to consolidate with results anticipation from HDFC Bank and the weak market sentiment.

Sell 26400 PE at 62.3
Sell 27100 CE at 102

Initial Credit = 164.3

We'll make full 6572 INR on 150000 INR deployed if our trade goes right and ends in 26400-27100.

Upper Breakeven = 26235.7
Lower Breakeven = 27264.3

Payoff Graph = unofficed.com/o...ons-calculator/?save_id=5b...

There will be nasty shifts of breakevens if BankNIFTY 0.00% moves rapidly. Please keep an eye here or in the forum for fastest updates.

Comment:

Closed with mild profit and rebalanced with 26800 PE at 65.45 and 27300 CE at 60.3