Nifty july /August strategy 4 - Direction Neutral -Office folks
Updated
Hi All,
Please note my previous posted June strategy didn't worked , We had loss of 40-50 point
Going to post Multiple strategies :
Following is strategy number 4: Direction Neutral strategy
Consist of two parts Buy August strangle,Sell JULY strangle
If Nifty opens at 10700 , Immediate execute or wait for Nifty to show 10700/710
Buy August strangle :
Buy AUG 10800 call 1 lot @160 ---- Net debit is 160
Buy Aug 10600 put 1 lot @ 150 ----Net debit is 150
August Net Debit 310
Sell JULY strangle :
Sell JULY 10400 put 1 lot@ 53---- Net credit is 53 since selling
Sell JULY 11000 call 1 lot 25 ---- Net credit is 25 since selling
July Net credit : 78
Total Net debit = 310 -78 = 232
Don't disturb above ratio
Aug 1:1 ,July 1:1
On July Expiry We will take a call to square off , Till than let Nifty run whichever way it want to
P.S: Consult your financial adviser , Risk of capital loss involved
Please note my previous posted June strategy didn't worked , We had loss of 40-50 point
Going to post Multiple strategies :
Following is strategy number 4: Direction Neutral strategy
Consist of two parts Buy August strangle,Sell JULY strangle
If Nifty opens at 10700 , Immediate execute or wait for Nifty to show 10700/710
Buy August strangle :
Buy AUG 10800 call 1 lot @160 ---- Net debit is 160
Buy Aug 10600 put 1 lot @ 150 ----Net debit is 150
August Net Debit 310
Sell JULY strangle :
Sell JULY 10400 put 1 lot@ 53---- Net credit is 53 since selling
Sell JULY 11000 call 1 lot 25 ---- Net credit is 25 since selling
July Net credit : 78
Total Net debit = 310 -78 = 232
Don't disturb above ratio
Aug 1:1 ,July 1:1
On July Expiry We will take a call to square off , Till than let Nifty run whichever way it want to
P.S: Consult your financial adviser , Risk of capital loss involved
Trade closed: target reached
Folks :11000 July Call is at 125 so loss of 100 point ,
10400 JULY put is 0.5 rs ie 52 rs profit
10600 Aug put is 31 so loss of 120 point
10800 Aug call is is 400 so profit of 240 point
so overall net profit 240+52-120-100 = 72 points.
Isn't it good profit ? No worry of direction , let it run in any direction .
Book out guys , Book out profits.
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