[Theta] BankNIFTY Batman Strategy
Shared in here first 
To construct -
Buy 1 lot ATM Straddle -
Buy BankNIFTY 41300 PE @254.55 - 1 Lot
Buy BankNIFTY 41300 CE @303.65 - 1 Lot
Sell 2 lot OTM Strangle -
Sell BankNIFTY 41100 PE @172.4 - 2 Lots
Sell BankNIFTY 41500 CE @203.05 - 2 Lots
Buy 1 lot Deep OTM Strangle -
Buy BankNIFTY 40900 PE @115.25 - 1 Lot
Buy BankNIFTY 41700 CE @128.85 - 1 Lot
The margin needed for this trade is around 88K but You will need 1.1L in the account to execute it.
Max profit 3,889 (3.7%)
Max loss -1,111 (-1%)
The rationale for chosing this breakeven is already posted (read painted) in the chart.
To construct -
Buy 1 lot ATM Straddle -
Buy BankNIFTY 41300 PE @254.55 - 1 Lot
Buy BankNIFTY 41300 CE @303.65 - 1 Lot
Sell 2 lot OTM Strangle -
Sell BankNIFTY 41100 PE @172.4 - 2 Lots
Sell BankNIFTY 41500 CE @203.05 - 2 Lots
Buy 1 lot Deep OTM Strangle -
Buy BankNIFTY 40900 PE @115.25 - 1 Lot
Buy BankNIFTY 41700 CE @128.85 - 1 Lot
The margin needed for this trade is around 88K but You will need 1.1L in the account to execute it.
Max profit 3,889 (3.7%)
Max loss -1,111 (-1%)
The rationale for chosing this breakeven is already posted (read painted) in the chart.
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Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
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