Index Covered Contra Straddle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
STOXKART
EDELWEISS
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 BANKNIFTY22MAY34800CE 34800 CE 118 222 -2600
Sell 1 lot BANKNIFTY22MAY34500CE 34500 CE 193 346 -3825
Buy 1 lot NIFTY22MAY16100CE 16100 CE 194 286 4600
Buy 1 lot NIFTY22MAY16100PE 16100 PE 187 113 -3700
Sell 1 lot BANKNIFTY22MAY33200PE 33200 PE 192 122 1750
Sell 1 lot BANKNIFTY22MAY32800PE 32800 PE 116 79 925

Approx Margin Required: 325000

Profit (in ₹): -2850 INR  |   Max Profit (in ₹): 0 INR  |   Max Loss (in ₹): -3925 INR

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