August Iron Condor Setup on Nifty – Premium Eating Strategy!Hello Traders!
Just like we nailed the July Iron Condor, here comes the fresh setup for August expiry.
Nifty is trading around 24680 and we are seeing tight range movement with no clear trend for now. In such times, Iron Condor becomes a powerful income-generating strategy for option sellers, especially if the market stays within a defined range.
So here's the plan:
Strategy Type:
Bullish Iron Condor on Nifty (28th August 2025 expiry)
Position Details:
Sell 2x 24300 PE @ 130.05
Buy 2x 23800 PE @ 53.75
Sell 2x 25000 CE @ 172.50
Buy 2x 25500 CE @ 49.30
Strategy payoff graph:
Strategy Rationale:
We’ve created a wide range between 24101 to 25199 as our breakeven zone. As long as Nifty stays in this range by expiry, we collect full premium and enjoy time decay.
Why We Call It Bullish Iron Condor:
We’ve kept the Put side tighter and Call side slightly wider, meaning we have a bullish bias but still want to benefit from a range-bound expiry.
Rahul Tip:
Don’t go for iron condors blindly, always check for major events, news, or breakout signals. A sudden breakout or breakdown can flip your setup. Adjust or exit if market moves out of your defined zone.
Disclaimer:
This strategy is for educational purposes only. Please do your own risk management and position sizing. Avoid taking full quantity at once — better to scale in once the range confirms.
