Index Covered Contra Strangle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
STOXKART
IIFL
TSO

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)
ActionContractOption Type@ 9:30CMPResult
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)
ActionContractOption Type@ 9:30CMPResult
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)
ActionContractOption Type@ 9:30CMPResult
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

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