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 STRANGLE (NIFTY + BANKNIFTY)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 2 lot |
BANKNIFTY21JUN35300CE |
35300 CE |
164 |
84 |
4000 |
| Buy 1 lot |
NIFTY21JUN15750CE |
15750 CE |
94 |
50 |
-3300 |
| Buy 1 lot |
NIFTY21JUN15700PE |
15700 PE |
94 |
202 |
8100 |
| Sell 2 lot |
BANKNIFTY21JUN34100PE |
34100 PE |
167 |
375 |
-10400 |
|
Approx Margin Required: 325000 Profit (in ₹): -1600 INR | Max Profit (in ₹): 800 INR | Max Loss (in ₹): -4900 INR |
Design Strategy
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 STRANGLE (NIFTY + FINNIFTY)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
NIFTY21JUN15750CE |
15750 CE |
94 |
50 |
-3300 |
| Buy 1 lot |
NIFTY21JUN15700PE |
15700 PE |
94 |
202 |
8100 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 4800 INR | Max Profit (in ₹): 10350 INR | Max Loss (in ₹): 0 INR |
Design Strategy
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 STRANGLE (BANKNIFTY + FINNIFTY)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
BANKNIFTY21JUN35900CE |
35900 CE |
62 |
37 |
-625 |
| Buy 1 lot |
BANKNIFTY21JUN33400PE |
33400 PE |
62 |
155 |
2325 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 1700 INR | Max Profit (in ₹): 4675 INR | Max Loss (in ₹): -75 INR |
Design Strategy