Nifty May-2019 Expiry Option Spread

Nifty 50 IndexNSE

Description

⋅ Apr 23, 2019 10:56 AM

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

⋅ Jul 20, 2019 4:55 AM

Total profit 56k. Good gain.

Trend Analysis

Comments

TradersVenue

⋅ Jul 20, 2019 4:55 AM

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: twitter.com/PrasunaBarik
TradingView: bit.ly/2J005mi
Telegram: bit.ly/2JSXSK1

TradersVenue

⋅ Apr 23, 2019 10:57 AM

If I add any additional legs or do any modifications to the strategy then will post it here with updates.

TradersVenue

⋅ Apr 23, 2019 10:56 AM

Same trade is already initiated. You can refer below link for payoff graph and live updates.

bit.ly/2DnHlZB