Hi All , You need capital of 2 lakh for below , if you don't have "This is NOT FOR YOU " Lets take advantage of high option prices bcas of volatility.
Strategy 1 : Buy 10300 put 1 lot @ 58 Sell 10100 put 3 lot @ 31
Strategy 2 : Buy 10400 put 1 lot @ 78 Sell 10100 put 4 lot @ 31
Look at daily RSI if nifty has to fall below 10100 before expiry where will RSI be ??
For strategy 1 : Nifty expiry at 10300 or above it , we loose 58 point on 10300 put, we gain 93 point on 10100 put so net profit 35 point Nifty expiry at 10000 we make 230 point on 10300 put , we loose 210 point on 10000 put so net profit 20 point
Any expire between 10300 - 10100 will bring more profits , similarly for strategy 2
Options are risky , consult your financial adviser before trade. Risk of capital loss involved.
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People who have executed strategy 2 can book profits on Monday 10400 put @64 i.e loss of 14 and 10100 put @14 i.e net profit of 60 so overall net profit of 45 points.
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Good Money , Book out .
Profit is our friend , Lets take it home. Close out , Exit.