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 BANKNIFTY2220340000CE 40000 CE 193 96 2425
Sell 1 lot BANKNIFTY2220339500CE 39500 CE 292 152 3500
Buy 1 lot NIFTY2220317300CE 17300 CE 245 160 -4250
Buy 1 lot NIFTY2220317300PE 17300 PE 263 345 4100
Sell 1 lot BANKNIFTY2220337100PE 37100 PE 290 410 -3000
Sell 1 lot BANKNIFTY2220336600PE 36600 PE 189 269 -2000

Approx Margin Required: 325000

Profit (in ₹): 775 INR  |   Max Profit (in ₹): 2550 INR  |   Max Loss (in ₹): -1300 INR

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