BankNIFTY Theta System - Weekly Expiry Strategy (2 Lot)

Nifty Bank IndexNSE

Description

⋅ Jul 20, 2018 8:37 AM

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/options-calculator/?save_id=5b519f2c64a37354439454

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

⋅ Jul 24, 2018 8:54 PM

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

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