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 |
BANKNIFTY2131036700CE |
36700 CE |
192 |
150 |
1050 |
| Sell 1 lot |
BANKNIFTY2131036100CE |
36100 CE |
354 |
288 |
1650 |
| Buy 1 lot |
NIFTY2131015000CE |
15000 CE |
204 |
156 |
-3600 |
| Buy 1 lot |
NIFTY2131015000PE |
15000 PE |
225 |
190 |
-2625 |
| Sell 1 lot |
BANKNIFTY2131034400PE |
34400 PE |
364 |
230 |
3350 |
| Sell 1 lot |
BANKNIFTY2131033600PE |
33600 PE |
195 |
101 |
2350 |
|
Profit (in ₹): 2175 INR | Max Profit (in ₹): 2425 INR | Max Loss (in ₹): -1800 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 |
FINNIFTY2131016800CE |
16800 CE |
127 |
102 |
960 |
| Sell 1 lot |
FINNIFTY2131016500CE |
16500 CE |
232 |
203 |
1160 |
| Buy 1 lot |
NIFTY2131015000CE |
15000 CE |
204 |
156 |
-3600 |
| Buy 1 lot |
NIFTY2131015000PE |
15000 PE |
225 |
190 |
-2625 |
| Sell 1 lot |
FINNIFTY2131016200PE |
16200 PE |
231 |
169 |
2520 |
| Sell 1 lot |
FINNIFTY2131016000PE |
16000 PE |
167 |
109 |
2320 |
|
Profit (in ₹): 735 INR | Max Profit (in ₹): 1065 INR | Max Loss (in ₹): -2030 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 |
FINNIFTY2131016700CE |
16700 CE |
157 |
131 |
1000 |
| Sell 1 lot |
FINNIFTY2131016500CE |
16500 CE |
232 |
203 |
1160 |
| Buy 1 lot |
BANKNIFTY2131035300CE |
35300 CE |
699 |
610 |
-2225 |
| Buy 1 lot |
BANKNIFTY2131035300PE |
35300 PE |
694 |
600 |
-2350 |
| Sell 1 lot |
FINNIFTY2131016200PE |
16200 PE |
231 |
169 |
2520 |
| Sell 1 lot |
FINNIFTY2131016000PE |
16000 PE |
167 |
109 |
2320 |
|
Profit (in ₹): 2425 INR | Max Profit (in ₹): 2425 INR | Max Loss (in ₹): -1485 INR |
Design Strategy