Prem_Agrawal

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...

Comments

CAN WE MAKE MULTIPLE STRANGLE....
12200 PE, 12100 PE, 12000 PE,
12400 CE, 12500 CE, 12600CE.
Reply
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...
Reply
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