Possible Top is formed with Fake Breakout and strong inverted hammer. View : Sideways to Bearish
Resistance @ 74.75 Support at 74 Short Straddle 74.75 or 74.5 Strike is possible Or my favourite Bear Call Spread. Sell 74.75 CE and buy 75 CE this must be done on bounce, if we get one for this week's expiry.
Trade active
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Bear Call Spread already giving 6%... Delta + Time decay both in our favor.
Trade closed: target reached
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Exited with 15%ROI on total margin in bear call spread this week
bear call spread mai , hume ATM short karna hota hai ya ITM short ??
NeelamN
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@vishwajeet24, The Bear Call Spread is a two leg spread strategy involving ITM and OTM Call options. However you can create the spread using other strikes as well. Do remember, the higher the difference between the two selected strikes (spread), larger is the profit potential. By nature I am a safe, conservative player. So, went for both OTM.
vishwajeet24
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Instrument (4 / 20)
USDINR 16th w JUL 74.75 CE CDS
LTP: ₹0.1500
10 QTY
@0.2400
SELL
USDINR 16th w JUL 74.75 PE CDS
LTP: ₹0.2000
10 Qty
@0.1800
BUY
USDINR 16th w JUL 75.25 CE CDS
LTP: ₹0.0325
10 QTY
@0.0750
BUY
USDINR 16th w JUL 74.25 PE CDS
LTP: ₹0.0325
10 Qty
@0.0375
ye maine thrusday banaya hai , mera same view hai on usdinr
NeelamN
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@vishwajeet24, Short Iron Condor/Butterfly ... good strategy... Mostly this is used when your view is that price will stay sideways OR close where it opened even after high-low swings. But if your view is Bearish, then you may exit from Put Short and Put Long trade when you see decent profit on it, if we get a bounce (Do not close entire butterfly). This is just a suggestion to maximize profit, if your view matches mine which is (bearish) or short on bounce.
Hope you like my view and do let me know what happened and how you handled the trade... May all the situations favor you. God bless !!! Happy Trading !!!
vishwajeet24
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@NeelamN, iron condor and iron fly mai difference kya hai
NeelamN
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@vishwajeet24, short condor me different strike k options short karte hai and short butterfly me same strike k.
I m very confused here,please help