SBIN Short Strangle strategy
Did short strangle strategy on SBIN :-
Current price was 263.75
1) Shorted 1 lot 310 CE at .70
2) Shorted 1 lot 220 PE at .75
total points gained = 1.45
Total profit = 1.45*3000 = 4350
We will get whole the money if it expires between 220-310
Upper BEP = 218.6
Lower BEP = 311.5
Current price was 263.75
1) Shorted 1 lot 310 CE at .70
2) Shorted 1 lot 220 PE at .75
total points gained = 1.45
Total profit = 1.45*3000 = 4350
We will get whole the money if it expires between 220-310
Upper BEP = 218.6
Lower BEP = 311.5
Trade active
We are still in Profit.will hold it till expiry.Trade closed manually
310 CE closed at .05220 PE closed at .10
So total points gained = 1.45-(.05+.10) = 1.3
So total Profit made = 1.3*3000 = 3900
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