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...

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