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Nifty May-2019 Expiry Option Spread

NSE:NIFTY   Nifty 50 Index
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Election have brought high volatility and indexes giving wild swings of late. There is huge premium due to this volatility . So created below neutral option spread which has wider breakeven 26653-31681. Deployed 35% of my capital. Will do adjustments when spot approaches the BPS .

-1x 30MAY2019 12000PE - ₹ 500
-2x 30MAY2019 12000CE - ₹ 212.7
-1x 30MAY2019 11000CE - ₹ 822.25
Max. Profit ₹ +56,073.75
Breakevens 10253.0-12249.0
Comment: Total profit 56k. Good gain.

Comments

Gave nice profits. Was not active in tradingview and hence forgot to update here. For immediate and live updates you can follow me on

Tweeter: https://twitter.com/PrasunaBarik
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If I add any additional legs or do any modifications to the strategy then will post it here with updates.
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Same trade is already initiated. You can refer below link for payoff graph and live updates.

http://bit.ly/2DnHlZB
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