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 |
BANKNIFTY21SEP39100CE |
39100 CE |
75 |
48 |
675 |
| Sell 1 lot |
BANKNIFTY21SEP38900CE |
38900 CE |
112 |
78 |
850 |
| Buy 1 lot |
NIFTY21SEP17900CE |
17900 CE |
118 |
84 |
-1650 |
| Buy 1 lot |
NIFTY21SEP17900PE |
17900 PE |
104 |
117 |
650 |
| Sell 1 lot |
BANKNIFTY21SEP37600PE |
37600 PE |
120 |
117 |
75 |
| Sell 1 lot |
BANKNIFTY21SEP37300PE |
37300 PE |
74 |
70 |
100 |
|
Approx Margin Required: 325000 Profit (in ₹): 650 INR | Max Profit (in ₹): 1625 INR | Max Loss (in ₹): -950 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 |
NIFTY21SEP17900CE |
17900 CE |
118 |
84 |
-1650 |
| Buy 1 lot |
NIFTY21SEP17900PE |
17900 PE |
104 |
117 |
650 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): -1050 INR | Max Profit (in ₹): 650 INR | Max Loss (in ₹): -1150 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 |
BANKNIFTY21SEP38300CE |
38300 CE |
317 |
282 |
-875 |
| Buy 1 lot |
BANKNIFTY21SEP38300PE |
38300 PE |
360 |
346 |
-350 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
| Sell 1 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): -1225 INR | Max Profit (in ₹): 600 INR | Max Loss (in ₹): -1525 INR |