MohdAzhar

Dec Monthly Strangle (Delta: 0.30)

NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
BankNifty has been trending for couple of days
Deployed the strategy because I have a neutral view
Shorted (25500PE: 453.90) and (29000CE: 617.25)

Hedged with current week long straddle 27500 for overnight risk (27500CE: 390.00) and (27500PE: 320.00)

Will close Hedge positions every next day as soon as market opens and sell naked CE/PE according to Price action

Lets see where it takes us
Comment: Booked 2% and exited