DhirajSinghBais

BANK NIFTY TRADE PLAN: 18 JUL 20 ONWARDS

NSE:BANKNIFTY   NIFTY BANK
Levels as mentioned on the chart...



Options Trade plan standing


Sell 23500*2 CE 619. 40
Buy 23000 CE 857.7
Net credit 381.1 CURRENT STANDING (for the said position profit of +8432)
Max Profit 22028
Max Loss UNLIMITED
Break Even 24381
Margin Required 1.15L approx.
POP 73%
ROI 21%

Be Proactive Trader

Better Insight, Better Trade Execution

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field

Comments

I have brought niftybank JUL 24000 ce @276 per share. Its went too low and Now value is 75. Will it increase more? 30 July is expire date.Please suggest.
+5 Reply
@Tom4447, Dear tom, 24,000 looks like the max levels for Bank Nifty...even if Bank Nifty reaches 24000 on expiry(ie 30 Jul 20), 24000 CE will be worth ZERO....24k CE will be worth something only if Bank Nifty crosses 24k before or till expiry...best wishes
+1 Reply
Yes i got ur point it will pull back a bit to 21674 , But hdfc bank result are good..than also it will come to 21674? As on monday it should move up na?
+3 Reply
Ultimate Dhiraj ji, exactly move based on your levels, Bank nifty moves to 24000 may be in next week expiry?
Reply
sir I have bought bnf 22000 PE at 267
Reply
Hi Dhiraj,

Great analysis..are you expecting only 22500 before next expiry ?

Im holding 22200 CE of 23rd expiry bought at 600 range before previous expiry and now around 324.
Reply
DhirajSinghBais anupamsekharg
@anupamsekharg, thnx Mr Anupam, appreciated.....as per your entry, 22200 CE position can only make profit when Bank Nifty moves above 22800 & you have a -ve theta position of -873 if nothing changes.... its a low POP trade...
Reply
Expiry for option plan, is it 23rd July or far exp?
Reply
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