ITC - Ranged Trading idea
Updated
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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