Nifty 50 Index
Updated

Nifty 28 Oct Strangle

128
Sell Nifty 26150 CE at 28 and 25800 Pe at 22. Combined premium 48 Target Zero

Hedge by buying CE worth 11 and PE worth 8
Looking at the current congestion and psychological resistance at 26000 I feel both will go to zero however the chances of downside are strong and a whiplash is often seen on the day of the expiry, so best to hedge with option buying
Trade active
CE from 28 to 19, PE from 22 to 24.
Trade closed: target reached
PE 22 TO 19.4
CE 28 TO 18

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