Index Covered Contra Straddle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
STOXKART
IIFL
TSO


This is High risk- High reward strategy. Good results when Nifty is trending and BankNifty is range bound. Bad results when Nifty is range bound and Banknifty is trending.
COVERED CONTRA STRADDLE (NIFTY + BANKNIFTY)
ActionContractOption Type@ 9:30CMPResult
Sell 1 lot BANKNIFTY21SEP39100CE 39100 CE 75 48 675
Sell 1 lot BANKNIFTY21SEP38900CE 38900 CE 112 78 850
Buy 1 lot NIFTY21SEP17900CE 17900 CE 118 84 -1650
Buy 1 lot NIFTY21SEP17900PE 17900 PE 104 117 650
Sell 1 lot BANKNIFTY21SEP37600PE 37600 PE 120 117 75
Sell 1 lot BANKNIFTY21SEP37300PE 37300 PE 74 70 100

Approx Margin Required: 325000

Profit (in ₹): 650 INR  |   Max Profit (in ₹): 1625 INR  |   Max Loss (in ₹): -950 INR

This is High risk- High reward strategy. Good results when Nifty is trending and FinNifty is range bound. Bad results when Nifty is range bound and FinNifty is trending.
COVERED CONTRA STRADDLE (NIFTY + FINNIFTY)
ActionContractOption Type@ 9:30CMPResult
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Buy 1 lot NIFTY21SEP17900CE 17900 CE 118 84 -1650
Buy 1 lot NIFTY21SEP17900PE 17900 PE 104 117 650
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Profit (in ₹): -1050 INR  |   Max Profit (in ₹): 650 INR  |   Max Loss (in ₹): -1150 INR

This is High risk- High reward strategy. Good results when BankNifty is trending and FinNifty is range bound. Bad results when BankNifty is range bound and FinNifty is trending.
COVERED CONTRA STRADDLE (BANKNIFTY + FINNIFTY)
ActionContractOption Type@ 9:30CMPResult
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Buy 1 lot BANKNIFTY21SEP38300CE 38300 CE 317 282 -875
Buy 1 lot BANKNIFTY21SEP38300PE 38300 PE 360 346 -350
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Profit (in ₹): -1225 INR  |   Max Profit (in ₹): 600 INR  |   Max Loss (in ₹): -1525 INR

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