Nifty 50 Index
Updated

NIFTY 8TH MAY STRANGLE

131
24550 CE at 55

24300 PE at 55

NIFTY 8 May strangle, Safe range is between 24656 and 24144, to check the same one can put this trade on any Options analyser like Opstra or sensibull.
This is a high risk trade, if one wants to hedge can buy CE and PE of the same expiry at 50% price.

I am expecting this to go to zero or at-least 50% decay. Sufficient margin to make adjustments are kept.
Trade active
From 55 to 18.5 CAll
From 55 to 40 PE

Rocket - Profit 50% done
Trade closed: target reached
50% done can hold book. Booking as of now

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