Short Strangle in Nifty

NSE:NIFTY   Nifty 50 Index
Apply a Short Strangle in Nifty by Selling 1 Lot PE of 12200 Strike and CE of 12500 Strike
PE Premium is 8.97
CE Premium is 5.75
Net Credit = 14.72 * 75 = 1,106
Trade closed manually: PE 12200 is at 3.50
CE 12500 is at 1.20
Net Profit = 751.5
Profit is almost 68% of Premium, because of US-China Trade deal and Expiry volatility may harm our profits so manually closing this trade

Happy Trading...


12200 PE, 12100 PE, 12000 PE,
12400 CE, 12500 CE, 12600CE.
Prem_Agrawal pareshgada
@pareshgada, Mr.Paresh surely you can do that too but then you need to check delta of your portfolio shouldn't be Bullish or Bearish.
Although while taking this position I had not checked delta of that strikes, my basis of applying that Strangle was different.
Anyways All the Best to you Sir
Happy Trading...
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