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 |
BANKNIFTY2142231200CE |
31200 CE |
64 |
586 |
-13050 |
| Sell 1 lot |
BANKNIFTY2142231100CE |
31100 CE |
92 |
685 |
-14825 |
| Buy 1 lot |
NIFTY2142214200CE |
14200 CE |
63 |
207 |
10800 |
| Buy 1 lot |
NIFTY2142214200PE |
14200 PE |
53 |
0 |
-3975 |
| Sell 1 lot |
BANKNIFTY2142230500PE |
30500 PE |
91 |
0 |
2275 |
| Sell 1 lot |
BANKNIFTY2142230400PE |
30400 PE |
70 |
0 |
1750 |
|
Profit (in ₹): -17025 INR | Max Profit (in ₹): 1000 INR | Max Loss (in ₹): -17375 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 |
FINNIFTY2142215000CE |
15000 CE |
31 |
238 |
-8280 |
| Sell 1 lot |
FINNIFTY2142214900CE |
14900 CE |
63 |
340 |
-11040 |
| Buy 1 lot |
NIFTY2142214200CE |
14200 CE |
63 |
207 |
10800 |
| Buy 1 lot |
NIFTY2142214200PE |
14200 PE |
53 |
0 |
-3975 |
| Sell 1 lot |
FINNIFTY2142214700PE |
14700 PE |
51 |
0 |
2000 |
| Sell 1 lot |
FINNIFTY2142214700PE |
14700 PE |
51 |
0 |
2000 |
|
Profit (in ₹): -8455 INR | Max Profit (in ₹): 1405 INR | Max Loss (in ₹): -8730 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 |
FINNIFTY2142215000CE |
15000 CE |
31 |
238 |
-8280 |
| Sell 1 lot |
FINNIFTY2142214900CE |
14900 CE |
63 |
340 |
-11040 |
| Buy 1 lot |
BANKNIFTY2142230800CE |
30800 CE |
226 |
988 |
19050 |
| Buy 1 lot |
BANKNIFTY2142230800PE |
30800 PE |
183 |
0 |
-4575 |
| Sell 1 lot |
FINNIFTY2142214800PE |
14800 PE |
80 |
0 |
3200 |
| Sell 1 lot |
FINNIFTY2142214700PE |
14700 PE |
51 |
0 |
2000 |
|
Profit (in ₹): 355 INR | Max Profit (in ₹): 3545 INR | Max Loss (in ₹): -935 INR |
Design Strategy