Index Covered Contra Straddle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
STOXKART
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 BANKNIFTY2180536200CE 36200 CE 30 0 750
Sell 1 lot BANKNIFTY2180536100CE 36100 CE 44 0 1100
Buy 1 lot NIFTY2180516200CE 16200 CE 51 94 2200
Buy 1 lot NIFTY2180516200PE 16200 PE 25 0 -1250
Sell 1 lot BANKNIFTY2180535500PE 35500 PE 46 0 1150
Sell 1 lot BANKNIFTY2180535400PE 35400 PE 30 0 750

Approx Margin Required: 325000

Profit (in ₹): 4650 INR  |   Max Profit (in ₹): 6075 INR  |   Max Loss (in ₹): -325 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)
ActionContractOption Type@ 9:30CMPResult
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Buy 1 lot NIFTY2180516200CE 16200 CE 51 94 2200
Buy 1 lot NIFTY2180516200PE 16200 PE 25 0 -1250
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Profit (in ₹): 900 INR  |   Max Profit (in ₹): 3550 INR  |   Max Loss (in ₹): -500 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)
ActionContractOption Type@ 9:30CMPResult
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Buy 1 lot BANKNIFTY2180535800CE 35800 CE 134 34 -2500
Buy 1 lot BANKNIFTY2180535800PE 35800 PE 156 0 -3900
Sell 1 lot 0 0 0 0
Sell 1 lot 0 0 0 0
Profit (in ₹): -6400 INR  |   Max Profit (in ₹): 200 INR  |   Max Loss (in ₹): -6475 INR

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