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shortstraddle

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Banknifty MAY expiry bet
BANKNIFTY
, 1D
BANKNIFTY: Banknifty MAY expiry bet

Expecting banknifty to stay within the channel. Trade 1: Short Straddle - Medium Risk SELL 19000CE: 64.6 * 20 = 1292 SELL 16000PE: 47.3 * 20 = 946 Total profit = 2238 Rupees Trade 2: Iron Condor - Ultra low Risk SELL 16000PE: 47.3 BUY 15900PE: 41.45 SELL 19000CE: 64.6 BUY 19100CE: 55.85 Total Profit = 64.6 + 47.3 - 41.45 - 55.85 = 292 Rupees

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