Following trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound.
A CE option mentioned below is a European Call Option, while a PE option is a European Put.
A hedger always buys these options and a speculator mostly sells one.
But when the speculator only sells these options, the...
ITC | Retracement done and looks good to bounce - RSI divergence showing up - 7%
CMP : 201
SL : 196
Target : 215
1:3 risk reward setup
Ideal to sell PUT option with hedge, but cash pick also safe as it has limited risk.
