ZERODHA
UPSTOX
ALICEBLUE

Basket Covered Strangle in BANKNIFTY       

ActionContractOption Type@ 9:30CMPResult
Sell 1 lotBANKNIFTY20JAN31500CECE26.355.4000+419
Sell 1 lotBANKNIFTY20JAN31400CECE37.607.6000+600
Sell 1 lotBANKNIFTY20JAN31300CECE53.8513.5000+807
Sell 1 lotBANKNIFTY20JAN31200CECE76.5025.0000+1030
Sell 1 lotBANKNIFTY20JAN31100CECE106.5544.1000+1249
Buy 4 lotBANKNIFTY20JAN31000CECE146.6577.9500-5496

Buy 4 lotBANKNIFTY20JAN30900PEPE148.65119.1000-2364
Sell 1 lotBANKNIFTY20JAN30800PEPE108.7579.0000+595
Sell 1 lotBANKNIFTY20JAN30700PEPE77.0548.0000+581
Sell 1 lotBANKNIFTY20JAN30600PEPE53.7030.2000+470
Sell 1 lotBANKNIFTY20JAN30500PEPE37.8019.0000+376
Sell 1 lotBANKNIFTY20JAN30400PEPE25.5011.7000+276
Profit (in ₹): -1457 INR  |   Max Profit (in ₹): 235 INR  |   Max Loss (in ₹): -1568 INR
Design Strategy
This is limited loss, unlimited profit strategy. Good for trending market. This is one of the strategy with high risk-reward.