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 |
BANKNIFTY21JUN35500CE |
35500 CE |
118 |
63 |
1375 |
| Sell 1 lot |
BANKNIFTY21JUN35300CE |
35300 CE |
164 |
85 |
1975 |
| Buy 1 lot |
NIFTY21JUN15750CE |
15750 CE |
94 |
50 |
-3375 |
| Buy 1 lot |
NIFTY21JUN15750PE |
15750 PE |
118 |
238 |
9000 |
| Sell 1 lot |
BANKNIFTY21JUN34100PE |
34100 PE |
167 |
367 |
-5000 |
| Sell 1 lot |
BANKNIFTY21JUN33900PE |
33900 PE |
124 |
285 |
-4050 |
|
Approx Margin Required: 325000 Profit (in ₹): 25 INR | Max Profit (in ₹): 1675 INR | Max Loss (in ₹): -3075 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 |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
NIFTY21JUN15750CE |
15750 CE |
94 |
50 |
-3375 |
| Buy 1 lot |
NIFTY21JUN15750PE |
15750 PE |
118 |
238 |
9000 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 5700 INR | Max Profit (in ₹): 11475 INR | Max Loss (in ₹): 0 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 |
BANKNIFTY21JUN34700CE |
34700 CE |
394 |
210 |
-4575 |
| Buy 1 lot |
BANKNIFTY21JUN34700PE |
34700 PE |
381 |
712 |
8275 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 3675 INR | Max Profit (in ₹): 8800 INR | Max Loss (in ₹): -225 INR |
Design Strategy