indiamarketoutlook

Apr 27, 2020 7:36 AM

Nifty 30-April expiry strategy

Nifty 50 IndexNSE

Description

⋅ Apr 27, 2020 7:36 AM

Nifty
CMP 9363

Consider selling Nifty 30-April expiry

9100 Put option around 50

&

9600 Call option around 38

Max profit potential Rs 6600/-

Loss only if Nifty closes above 9688 or below 9012 on 30-April-2020

Take care & safe trading...!!!

Follow

Trade active

⋅ Apr 27, 2020 10:29 AM

Nifty (Closing price 9282)

Strategy Update

9100 Put option 54.4

Nifty 9600 Call option 23

Total Net profit so far 75*(88-77.4)= Rs 795

Trade active

⋅ Apr 28, 2020 4:04 AM

Strategy Update

9100 Put option 31.5

Nifty 9600 Call option 22.5

Total Net profit so far 75*(88-54)= Rs 2550/-

Comment

⋅ Apr 28, 2020 9:25 AM

Strategy Update

9100 Put option 17.5

Nifty 9600 Call option 16.5

Total Net profit so far 75*(88-34)= Rs 4050/-

Comments

Rajendra_5

⋅ Apr 27, 2020 9:32 AM

YOU ARE DOING EXCELLENT

yashtarphe

⋅ Apr 28, 2020 2:17 PM

This is a good strangle strategy, I also had done the same but instead of 9600 sold the 9700 CE for the extra cushion.

indiamarketoutlook

⋅ Apr 28, 2020 3:48 PM

@yashtarphe, wow, that's gr8...!!! :-)

aliazam007ali

⋅ Apr 28, 2020 8:41 AM

can u plz explain this
"Strategy Update

9100 Put option 31.5

Nifty 9600 Call option 22.5

Total Net profit so far 75*(88-54)= Rs 2550/-"

indiamarketoutlook

⋅ Apr 28, 2020 3:53 PM

@aliazam007ali, Hi Ali, will be happy to explain. what part you did not understand. can you be specific ?

aliazam007ali

⋅ Apr 29, 2020 6:16 AM

@indiamarketoutlook, now i got it. thanks for ur rply.. actually i got it late,
any suggestion for to day?

WaveTalks

⋅ Apr 28, 2020 1:46 AM

What is this strategy know as for options ? which you suggested

indiamarketoutlook

⋅ Apr 28, 2020 4:19 AM

@AbhishekHSinghCMT, Hi Abhishek,

it is called Short strangle strategy, where you sell out of money call & put option simultaneously. works best if the underlying stays within that range.
u can have a look at ICICI Bank which was suggested at the start of series on 26-march 2020 & see the story unfold....

Cheers...!!!

SShivamurugan

⋅ Apr 27, 2020 8:04 AM

SO are you saying to buy 9100 PE and buy 9600 CE at the same time ?

indiamarketoutlook

⋅ Apr 27, 2020 8:17 AM

@SShivamurugan, No. my friend, it is SELL 9100 Put & 9600 Call option. It is called a Short strange strategy.