Hi All , Nifty June future current price 10686 (Create the below strategy when this goes to 10695-10705)
Buy 10700 call 1 lot @ 128 Buy 10700 put 1 lot @ 140
sell 11000 call 1 lot @ 28 sell 10400 put 1 lot @ 55
Minimum capital required for above 4 trade combination 1 lot is 1 lakh , if you have 5 lakhs you can create 5 lots trade. Generally I restrict people in taking number of lots , this one I wont.
Risk Calculations : Our buy cost is premium 268 , our sell cost premium gain is 83 , Net risk is 185 points (debit) i.e If Nifty expiry happens at 10600 on june 28
Break-even points : If nifty goes up or down 200 points we are break-even on our trade i.e if nifty goes to 10900 , or 10500 we will start making profit
Reward: Maximum reward is 103 points if Nifty goes to 10350 or it goes to 11030 , 100 points is 7500 profit per lot for 1 lakh investment.
So Tigers tomorrow if market opens and if you find NIFTY JUNE futures around 10695/705 level , take this . Hassel free , Let it go in any direction no need to monitor every 5 min .
Please note : Consult your financial adviser before investing , options are risk , Risk of capital loss involved
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Tigers observe closely our june futures is still at 10689 , so we will stalk our prey till the moment it goes in our zone of 10695/10705 , Once it goes there , It's time to kill. Sit still.....
Trade active
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Game on , Tigers - go for kill
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Sit tight on this position don't touch any thing , we are nicely eating theta on 10400 put and 11000 call , So let it be as it is .
We will look at it next Friday , in between if it reaches the target zone , i will update it
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Lets wait till wednesday ,Thursday To take a call on this position . Currently we are around 15 points in Red i.e loss
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Tomorrow EOD we will close our puts , Today Bullish harami Pattern , lets see if it has follow up
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Folks Get out of full position , Nifty will trap our 10700 put/call pair . Book losses , Sometime market traps and this is trade which we are trapped.
Book losses and get out , Dont allow losses to grow big.
Trade closed: stop reached
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Booking out losses of 50 point and moving to next trade