Nifty June Iron Condor Strategy–Range is Back Premiums are JuicyHello Traders!
Here’s a plan for calm minds who want to generate passive monthly income by leveraging the power of non-directional option selling. Based on the current Nifty structure and OI data, I’ve spotted a new range-bound opportunity — perfect for executing a safe, hedged Iron Condor setup.
Why This Strategy Now? (Based on Chart Analysis)
Resistance Zone: 25400-25500 (Heavy supply, multiple rejection visible)
Support Zone: 23400-23500 (Major bounce levels, strong OI support)
Nifty is currently trading near 24500, well inside this range — perfect for deploying a neutral premium-selling setup.
Strategy Setup (Iron Condor – 26 June 2025 Monthly Expiry)
Sell 25400 CE @ ₹123
(to protect upside move rejection)
Buy 25800 CE @ ₹56
(risk protection on breakout)
Sell 23650 PE @ ₹99
(to protect downside move rejection)
Buy 23200 PE @ ₹51.4
(risk protection on breakdown)
Strategy Highlights
(Screenshot – )
Why This Works? (OI Logic + Technical View)
Strong resistance visible at 25400–25500 zone with rising CE OI
Solid put writing zone at 23400–23500 — confirms downside support
Volatility is stable, time decay is in our favor — perfect for Iron Condor writers
Risk Management & Exit Plans
Exit early if either side breaks with volume
Don’t hold till expiry — aim to exit around 70–80% max profit
Always keep SL alert at breakdown range breaches
Rahul’s Tip
"Option writing is not for thrill, it’s for discipline. Iron Condor is a weapon when range is visible — use it like a sniper, not like a gambler."
Conclusion
If your view is Nifty likely to stay between 23400–25400 for the next few weeks, this Iron Condor setup offers high-quality time-based potential. Use proper lot sizing and risk control — let the theta do the work for you!
Have you ever deployed an Iron Condor on Nifty? What was your experience? Drop your thoughts in the comments!
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Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.