This is a combined straddle for expiry date Jan 27th. We monitor this straddle for eod every day and apply correction on monday by 3.00 PM if required. Total cost is around 1.3 lacs max profit at 12906 if nifty hits 17620 on Jan 27th cut off :17320 and 17920 Strategy : Sell 1 CE17600 @300 and 1 PE17600 jan 27@62
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EoD Jan 20th-Jan 27 series CE17600 @285 PE17600 @75 Total premium 360 same as purchase price.Hence No loss nor profit
Not surprising as I computed premium at 12:00 took 4 days to closure
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21 fri 14:54 pm It is rt time to exit now, 54 points gain or 2700 Rs profit. I am recommending exit due to global geopolitical situation. However, to test our algo we will monitor this position till expiry
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Pe@166.50 ce@135.50- exit position
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Eod 21 jan Ce17600@169, pe17600@120.Net buy back price 289 Rs.Gain 73 Rs Nett profit:3650.00 Rs