ICICI Bank: Short strangle Trading Strategy

Mar 26, 2020

ICICI Bank
CMP 332

Consider a Short strangle strategy in ICIC Bank

Consider selling ICICI Bank 30 April 2020 expiry

380 Call option

Lot size 1375

CMP 24

& also sell

280 Put Option

CMP 23

Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020)

In built loss protection in strategy - Losses only if ICICI Bank falls & closes below 233 or goes up and closes above 427 on 30 April 2020


Take care & safe trading...!!!

Apr 7, 2020

Trade active

Update on strategy

Current Price of options
380 Call option: 4.4 (sold at 24)
280 Put option: 14.6 (sold at 23)

Total profit in strategy so far
1375*(47-19) = Rs 38,500

Have a gr8 day ahead...!!!
Enjoy.!!!

Apr 13, 2020

Trade active

On 26th Mar when ICIC bank was at 332 we had suggested a short strangle strategy trade

CMP of
380 Call option is 7.8 (sold at 24)
280 Put option is 7.2 (sold at 23)

ICICI Bank is at the same level but our strategy is yielding a profit of Rs 44000/-

Hope u guys r enjoying...

Consider booking profits as per risk appetite

Happy trading...!!!

Apr 28, 2020

Trade closed: target reached

Strategy update
ICICI Bank (cmp 355)

280 put option 0.2

380 call option 1.8

Net profit 1375*(47-2)= Rs 61875/-

The strategy has yielded the desired results

Closing the trade

Happy trading...!!!
Enjoy :-)