Forming iron condor for nifty next week
Buying 12500CE and 10950PE @13 each (net debit is 26)
Selling 12300 CE and 11300 PE@44 each(net credit is 88)
total credit will be 62 points
if nifty next week expiry happened between 12300 to 11300
My view on nifty is neutral for this week.
It is possible to make an iron condor by shorting 16 delta call and put and buying 5 delta call and put for hedge.
Due to big selling movement market is resisting upward movement
Due to AGR verdict Reliance and Bharti airtel wiil try to push the market in upside.
These two main reason can make a neutral market at least...