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 |
BANKNIFTY2152033400CE |
33400 CE |
129 |
78 |
1275 |
| Sell 1 lot |
BANKNIFTY2152033000CE |
33000 CE |
239 |
137 |
2550 |
| Buy 1 lot |
NIFTY2152014650CE |
14650 CE |
144 |
151 |
525 |
| Buy 1 lot |
NIFTY2152014650PE |
14650 PE |
135 |
105 |
-2250 |
| Sell 1 lot |
BANKNIFTY2152031800PE |
31800 PE |
227 |
275 |
-1225 |
| Sell 1 lot |
BANKNIFTY2152031300PE |
31300 PE |
125 |
147 |
-550 |
|
Profit (in ₹): 350 INR | Max Profit (in ₹): 2375 INR | Max Loss (in ₹): -1050 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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
FINNIFTY2152015500CE |
15500 CE |
250 |
151 |
3960 |
| Buy 1 lot |
NIFTY2152014650CE |
14650 CE |
144 |
151 |
525 |
| Buy 1 lot |
NIFTY2152014650PE |
14650 PE |
135 |
105 |
-2250 |
| Sell 1 lot |
FINNIFTY2152014500PE |
14500 PE |
19 |
13 |
240 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 2475 INR | Max Profit (in ₹): 4325 INR | Max Loss (in ₹): -220 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)
| 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 |
BANKNIFTY2152032500CE |
32500 CE |
452 |
289 |
-4075 |
| Buy 1 lot |
BANKNIFTY2152032500PE |
32500 PE |
489 |
617 |
3225 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): -875 INR | Max Profit (in ₹): 625 INR | Max Loss (in ₹): -2025 INR |
Design Strategy