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 |
BANKNIFTY2131037200CE |
37200 CE |
110 |
80 |
1500 |
| Buy 1 lot |
NIFTY2131015350CE |
15350 CE |
62 |
41 |
-1575 |
| Buy 1 lot |
NIFTY2131014400PE |
14400 PE |
62 |
31 |
-2325 |
| Sell 2 lot |
BANKNIFTY2131032900PE |
32900 PE |
112 |
48 |
3200 |
|
Profit (in ₹): 800 INR | Max Profit (in ₹): 900 INR | Max Loss (in ₹): -975 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 |
FINNIFTY2131017000CE |
17000 CE |
78 |
60 |
1440 |
| Buy 1 lot |
NIFTY2131015350CE |
15350 CE |
62 |
41 |
-1575 |
| Buy 1 lot |
NIFTY2131014400PE |
14400 PE |
62 |
31 |
-2325 |
| Sell 2 lot |
FINNIFTY2131015500PE |
15500 PE |
77 |
37 |
3200 |
|
Profit (in ₹): 740 INR | Max Profit (in ₹): 740 INR | Max Loss (in ₹): -1420 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 |
FINNIFTY2131017200CE |
17200 CE |
48 |
33 |
1280 |
| Buy 1 lot |
BANKNIFTY2131036900CE |
36900 CE |
154 |
117 |
-925 |
| Buy 1 lot |
BANKNIFTY2131033300PE |
33300 PE |
154 |
60 |
-2350 |
| Sell 2 lot |
FINNIFTY2131015300PE |
15300 PE |
50 |
33 |
1360 |
|
Profit (in ₹): -715 INR | Max Profit (in ₹): 1185 INR | Max Loss (in ₹): -1280 INR |
Design Strategy