Short strangle on Voltas
Sold 1 lot of 620 CE at 1.6
Sold 1 lot of 530 PE at .7
Total points gained = (1.6+.7) = 2.3
lot size = 1000
total profit would be = 2.3*1000 = 2300
Upper BEP = 620 + 2.3 = 622.3 ~~ 622
Lower BEP = 530 - 2.3 = 527.7 ~~ 528
We will get whole money if it expires b/w = 530-620
Sold 1 lot of 530 PE at .7
Total points gained = (1.6+.7) = 2.3
lot size = 1000
total profit would be = 2.3*1000 = 2300
Upper BEP = 620 + 2.3 = 622.3 ~~ 622
Lower BEP = 530 - 2.3 = 527.7 ~~ 528
We will get whole money if it expires b/w = 530-620
Trade active
We are in profit.lets expire them as both are OTM.Note
Both expired and we made whole profit.Trade closed: target reached
Target reached.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.