ITC - Ranged Trading idea

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.

Comment: ATM options have high delta effects - so strategy 2 isn't for the impatient
Comment: Booked 5600 on 200CE sell trade, sold 190 PE today with SL set at -2800 loss
Trade closed: target reached: Exiting positions. Net gain 6800


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out