Many who trade as side business and cannot monitor nifty movement continuously strategy for them :
Aggressive trade can take trade right now , Or else enter this trade tomorrow EOD .
Buy Nifty Feb @ 10600
Sell Nifty Feb 10400 call @ 271
we are playing for 70 points profit i.e 5K per lot, so just look at this at expiry day .
No need to monitor every 10 min
You need capital of 3lakh for 2lot and 2 lot call sell , no over leverage , If you don't have capital , this is not for you.
Nifty expiry scenario :
Expiry at 10700 we make 100 point profit on Fut , 30 point loss on call so net 70 points profit
Expiry at 10600 we make 70 point profit on call , No profit on fut so net 70 points profit
Expiry at 10400 we make 270 point profit on call 200 point loss on fut so net 70 point profit
worst scenario expiry at 10300 we 300 point loss on fut and gain 270 point on call , so net 30 point loss
so 3 : 1 chance of winning
Any takers for expiry below 10400 ?
Hint : See the daily , if Nifty goes to 10400 what will be daily ? will it sustain there ?
Consult your financial adviser before investing , and options are risky.
Don't panic , Stay focused.
Exit futures and call position
BOOK OUT , EXIT , EXIT