sounakk
Education

SBIN Short Strangle strategy

NSE:SBIN   STATE BK OF INDIA
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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
Trade active: We are still in Profit.will hold it till expiry.
Trade closed manually: 310 CE closed at .05
220 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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