Wednesday will be a PED(Premium eating day) 80% cases - so the market will bidirectional so Short strangle will give good profits
captured around 2300 rs
LONG STRANGLE OPTION TRADE STRATEGY
AUGUST 2ND WEEKLY CONTRACT
BUY 27400 PE @35
BUY 27900 CE @35
MINIMUM BREAKEVEN PRICE IS 70
STOP@30
TARGET@120
QTY BUY CALL@480
QTY BUY PUT @480
PUT TARGET@120
CALL TARGET@120
Personally,
I am entering into a long strangle.
This is an option strategy,
which is non-directional.
CMP - 97.6
Buying - 95 Put - @5.95
Buying - 100 Call - @5.35
Total Buying Cost - 11.30
I'll explain in detail in the comments after market hours.
