Nifty Bank IndexUpdated 48500 & 46500 Expiry special Strangle
48500 & 46500 Expiry special Strangle
Sell 48500 Call at 50 and 46500 Put at 31, for todays expiry. Range of 2000 point to play , I feel both of these going to zero, premiums are very high du eo exceptionally high VIX and Election event.
Im personally holding this trade
S.L can be as per comfort, so on Call side 95 and on Put side can be 65.
Sell 48500 Call at 50 and 46500 Put at 31, for todays expiry. Range of 2000 point to play , I feel both of these going to zero, premiums are very high du eo exceptionally high VIX and Election event.
Im personally holding this trade
S.L can be as per comfort, so on Call side 95 and on Put side can be 65.
Note
From 50 to 32 and from 31 to23, Decaying 25 bucks in already.Note
Call Side Stop loss triggered at 95, loss of 45, may be we will enter again, Put size profit of 20 so far, will go to zero, so net loss will be 15 rs. That is if we dont enter again in the call leg
Note
Selling 49000 CE at 41 to cover the loss on 48500 callNote
Cover 46500 at 6 and sell 47000 at 16 to get 10 bucks extraNote
Cover 49000 Call at 25 and sell 48500 at 95Note
49000 sold at 45 covered at 25 gives us 20 bucks and selling 48500 again at 95 brings us back , with 20 bucks buffer from 49000 call, adjustments like these are very important in option sellingTrade closed: stop reached
Bled to death...
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