Bank Nifty 8May strangle
Updated
Sell 47800 Put @ 39 and 50100 Cal 28 for a collective premium of 67.
Looking at inda Vix at 16, i feel there is going to be a huge drop in IV also.
Please note this is a naked sell, to secure it with defined loss, take counter buy positions on both legs, e.f 50500 call and 47500 Put
Looking at inda Vix at 16, i feel there is going to be a huge drop in IV also.
Please note this is a naked sell, to secure it with defined loss, take counter buy positions on both legs, e.f 50500 call and 47500 Put
Note
47800 Put now 26.5
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