Seems like #Banknifty got a healthy retracement even though there was a technical error in the exchange so I initiated a long position with a hedge
Banknifty Feb Fut Long with hedge Feb 30000PE
will sell covered call every week
BankNifty has been trending for couple of days
Deployed the strategy because I have a neutral view
Shorted (25500PE: 453.90) and (29000CE: 617.25)
Hedged with current week long straddle 27500 for overnight risk (27500CE: 390.00) and (27500PE: 320.00)
Will close Hedge positions every next day as soon as market opens and sell naked CE/PE according to Price...
