ITC is trading in a value area.
Strategy 1 (Risk Averse but High Margin needed) :Sell Aug 200 CE & Aug 190PE as NMRL - Enjoy the benefits of Theta - Buy back when ranged target gets reached.
Strategy 2 (Riskier) : Buy 195 CE and 195 PE - Sell when range hits on either side.
Strategy 1 (Risk Averse but High Margin needed) :Sell Aug 200 CE & Aug 190PE as NMRL - Enjoy the benefits of Theta - Buy back when ranged target gets reached.
Strategy 2 (Riskier) : Buy 195 CE and 195 PE - Sell when range hits on either side.
Note
ATM options have high delta effects - so strategy 2 isn't for the impatientNote
Booked 5600 on 200CE sell trade, sold 190 PE today with SL set at -2800 lossTrade closed: target reached
Exiting positions. Net gain 6800
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.