BANKNIFTY TRADE PLAN (FUTURE + OPTIONS): 06 JUL 20 ONWARDS

Trade Plan:

Buy – 22049
Target 1 – 22480
Target 2 – 22998
Strict stop below 21736

OPTION STRATEGY

Option 1
Sell 21800 PE+22900 CE - 477
Buy 21500 PE+ 23200 CE - 314
Net credit 163
Max Profit 3260
Max Loss 2740
Break Even 21637-23063
Margin Required 34K approx.
POP 51%

Option 2
Sell 21800 PE 387
Buy 21400 PE 226
Net credit 161
Max Profit 3212
Max Loss 4788
Break Even 21639
Margin Required 23k
POP 60%


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

Comment:

Option prices are as per weekly expiry(09 Jul 20)

Comment:

Future Trade plan update

As per the trade plan mentioned position is long @ 22049 with target 22480 & 22998
Target 1 achieved & position is up by +579 pts(spot)

Looking forward for target 2 with TSL below 22300

-Option Strategy (Option 1) Update

With Max Profit potential of +3260, current standing is +2588(for 1 lot position each leg) which have achieved +79.39% of MP can be closed(ROI +7.61%)

- Option Strategy (Option 2) Update

With Max Profit of +3212, current standing is +2415(for 1 lot position each leg) which have achieved +75.19% of MP can be closed(ROI +10.5%)

Comment:

08 Jul 20 1420hrs

Target 2 hit tighten stops on future positions

Comment:

trading @ 23021

Trade closed: target reached:

Closed for Options trade, achieved 95% approx of the premium received on option 1 & 2

Future position trailing stop @ 22896(spot)