Bank Nifty Short Strangle strategy Education

Nifty Bank IndexNSE

Description

⋅ Oct 17, 2018 10:29 AM

Did short strangle strategy on SBIN :-
Current price was 25188
1) Shorted 1 lot 24000 PE at 31
2) Shorted 1 lot 26500 CE at 12.65

total points gained = 43.65
Total profit = 43.65*40= 1746

We will get whole the money if it expires between 24000 -26500
Upper BEP = 24000 - 43.65 = 23957
Lower BEP = 26500 + 43.65 = 26543

unofficed.com/options-calculator/?save_id=5bc70eddb1a10686590361

Trade closed: stop reached

⋅ Oct 27, 2018 7:28 PM

Both are Expired.So total profit was 1746

Trend Analysis