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 |
BANKNIFTY2180535300CE |
35300 CE |
42 |
63 |
-500 |
| Sell 1 lot |
BANKNIFTY2180535200CE |
35200 CE |
61 |
89 |
-700 |
| Buy 1 lot |
NIFTY2180515900CE |
15900 CE |
70 |
149 |
3950 |
| Buy 1 lot |
NIFTY2180515900PE |
15900 PE |
62 |
32 |
-1500 |
| Sell 1 lot |
BANKNIFTY2180534300PE |
34300 PE |
76 |
38 |
975 |
| Sell 1 lot |
BANKNIFTY2180534100PE |
34100 PE |
46 |
23 |
575 |
|
Approx Margin Required: 325000 Profit (in ₹): 2750 INR | Max Profit (in ₹): 2750 INR | Max Loss (in ₹): -225 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 |
NIFTY2180515900CE |
15900 CE |
70 |
149 |
3950 |
| Buy 1 lot |
NIFTY2180515900PE |
15900 PE |
62 |
32 |
-1500 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 2450 INR | Max Profit (in ₹): 2750 INR | Max Loss (in ₹): -100 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 |
BANKNIFTY2180534700CE |
34700 CE |
248 |
345 |
2425 |
| Buy 1 lot |
BANKNIFTY2180534700PE |
34700 PE |
197 |
107 |
-2225 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 175 INR | Max Profit (in ₹): 1100 INR | Max Loss (in ₹): -675 INR |