srikartiram

NIFTY | Weekly expiry discussion | Short straddle / Iron Fly

Long
NSE:NIFTY   Nifty 50 Index
NIFTY | Weekly expiry discussion | Short straddle / Iron Fly

Quick fall and sharp recovery immediately, expecting some consolidation in this zone like it happened previously.

Can create a dynamic range bound statergy for tomorrow's expiry - limited risk. If market moves violantly we can do adjustment trade by going market direction and come out with no loss or with minimum profit.

CMP : 13520

Sell 13500 CE @ 82
Sell 13500 PE @ 59

Buy 13700 CE @ 9
Buy 13300 PE @ 15

Max Profit : 8558
Max Loss : 6368

Margin required : 60000/-

Just one day trade.