Please provide your feedback on this trade idea, how does it look ?
After a good rally on Friday, it may be possible that Index may take a halt and go into some consolidation for next few session. This may provide a good opportunity to deploy some a strangle and one can also add hedges on both side to make it Iron condor.
This post is just for learning purpose and is not a trade recommendation. One must understand the risk management, adjustment , hedges and SL before taking such risky trades.
After a good rally on Friday, it may be possible that Index may take a halt and go into some consolidation for next few session. This may provide a good opportunity to deploy some a strangle and one can also add hedges on both side to make it Iron condor.
This post is just for learning purpose and is not a trade recommendation. One must understand the risk management, adjustment , hedges and SL before taking such risky trades.
Comment:
Expiry was with in the range only