Bank Nifty Short Strangle strategy
Did short strangle strategy on Bank Nifty :-
Current price was 261
1) Shorted 2 lot 25000 PE at 32.05
2) Shorted 2 lot 27400 CE at 16.15
total points gained = 48.2
Total profit = 48.2*40= 1928
We will get whole the money if it expires between 25000 -27400
Upper BEP = 25000 - 48.2 = 24952
Lower BEP = 27400 + 48.2 = 27448
unofficed.com/options-calculator/?save_id=5c0fe73259ee9178273683
Current price was 261
1) Shorted 2 lot 25000 PE at 32.05
2) Shorted 2 lot 27400 CE at 16.15
total points gained = 48.2
Total profit = 48.2*40= 1928
We will get whole the money if it expires between 25000 -27400
Upper BEP = 25000 - 48.2 = 24952
Lower BEP = 27400 + 48.2 = 27448
unofficed.com/options-calculator/?save_id=5c0fe73259ee9178273683
Trade active
Shorted another 2 lots of 25000 PE at 20.So total points gained = 48.2 + 20 = 68.2
Total Profit = 68.2 * 40 = 2728
Lower BEP becomes = 24966
Upper BEP becomes = 27468
Trade closed: target reached
Target reached.we got the whole money.Total Profit = 2728
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