Index Covered Contra Straddle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
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 BANKNIFTY21FEB35900CE 35900 CE 83 733 -16225
Sell 1 lot BANKNIFTY21FEB35700CE 35700 CE 130 900 -19250
Buy 1 lot NIFTY21FEB14750CE 14750 CE 85 261 13200
Buy 1 lot NIFTY21FEB14750PE 14750 PE 86 10 -5700
Sell 1 lot BANKNIFTY21FEB34800PE 34800 PE 139 19 3000
Sell 1 lot BANKNIFTY21FEB34500PE 34500 PE 77 15 1575
Profit (in ₹): -23450 INR  |   Max Profit (in ₹): 50 INR  |   Max Loss (in ₹): -5725 INR
Design Strategy

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 FINNIFTY21FEB16600CE 16600 CE 68 448 -15160
Sell 1 lot FINNIFTY21FEB16500CE 16500 CE 110 625 -20600
Buy 1 lot NIFTY21FEB14750CE 14750 CE 85 261 13200
Buy 1 lot NIFTY21FEB14750PE 14750 PE 86 10 -5700
Sell 1 lot FINNIFTY21FEB16300PE 16300 PE 74 10 2560
Sell 1 lot FINNIFTY21FEB16200PE 16200 PE 49 10 1560
Profit (in ₹): -24180 INR  |   Max Profit (in ₹): 435 INR  |   Max Loss (in ₹): -4830 INR
Design Strategy

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 FINNIFTY21FEB16600CE 16600 CE 68 448 -15160
Sell 1 lot FINNIFTY21FEB16500CE 16500 CE 110 625 -20600
Buy 1 lot BANKNIFTY21FEB35300CE 35300 CE 288 1262 24350
Buy 1 lot BANKNIFTY21FEB35300PE 35300 PE 323 30 -7325
Sell 1 lot FINNIFTY21FEB16400PE 16400 PE 109 9 4000
Sell 1 lot FINNIFTY21FEB16300PE 16300 PE 74 10 2560
Profit (in ₹): -12215 INR  |   Max Profit (in ₹): 600 INR  |   Max Loss (in ₹): -1045 INR
Design Strategy

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