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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
BANKNIFTY21D0236800CE |
36800 CE |
44 |
0 |
1100 |
| Sell 1 lot |
BANKNIFTY21D0236600CE |
36600 CE |
91 |
0 |
2275 |
| Buy 1 lot |
NIFTY21D0217200CE |
17200 CE |
77 |
202 |
6250 |
| Buy 1 lot |
NIFTY21D0217250PE |
17250 PE |
75 |
0 |
-3750 |
| Sell 1 lot |
BANKNIFTY21D0236000PE |
36000 PE |
72 |
0 |
1800 |
| Sell 1 lot |
BANKNIFTY21D0235900PE |
35900 PE |
53 |
0 |
1325 |
|
Approx Margin Required: 325000 Profit (in ₹): 9000 INR | Max Profit (in ₹): 9025 INR | Max Loss (in ₹): -300 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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
NIFTY21D0217200CE |
17200 CE |
77 |
202 |
6250 |
| Buy 1 lot |
NIFTY21D0217250PE |
17250 PE |
75 |
0 |
-3750 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 2500 INR | Max Profit (in ₹): 2550 INR | Max Loss (in ₹): -2350 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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
BANKNIFTY21D0236400CE |
36400 CE |
173 |
107 |
-1650 |
| Buy 1 lot |
BANKNIFTY21D0236400PE |
36400 PE |
211 |
0 |
-5275 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): -6925 INR | Max Profit (in ₹): 0 INR | Max Loss (in ₹): -7925 INR |