BANK NIFTY STRANGLE 27 NOV

2 days ago

SELL 48000 PE AT 48 AND 53000Call at 22
Total premium 70
General tic of strangle apply, hedge by buying respective legs or put SL at 2.5 x of buying

2 days ago

Trade active

From 48 to 35 Call
and
From 22 to 19.5 Put
Total Take home MTM = 15.5 Bucks, thats 22% Return so far.

yesterday

Trade closed: target reached

From 48 to 14 - Put is nose diving, 70% done.
Call Stable at 22-23 even after BnF rising 400 Points.
Squaring 48000 Put at 14 and selling 48500 PUT at 24