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 BANKNIFTY21SEP39300CE 39300 CE 51 30 1050
Buy 1 lot NIFTY21SEP18100CE 18100 CE 43 24 -900
Buy 1 lot NIFTY21SEP17750PE 17750 PE 49 52 150
Sell 2 lot BANKNIFTY21SEP37100PE 37100 PE 54 51 150

Approx Margin Required: 325000

Profit (in ₹): 400 INR  |   Max Profit (in ₹): 1250 INR  |   Max Loss (in ₹): -750 INR

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 0 0 0 0
Buy 1 lot NIFTY21SEP18100CE 18100 CE 43 24 -900
Buy 1 lot NIFTY21SEP17750PE 17750 PE 49 52 150
Sell 2 lot 0 0 0 0
Profit (in ₹): -800 INR  |   Max Profit (in ₹): 800 INR  |   Max Loss (in ₹): -800 INR

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 0 0 0 0
Buy 1 lot BANKNIFTY21SEP38600CE 38600 CE 194 159 -875
Buy 1 lot BANKNIFTY21SEP37900PE 37900 PE 193 184 -225
Sell 2 lot 0 0 0 0
Profit (in ₹): -1100 INR  |   Max Profit (in ₹): 650 INR  |   Max Loss (in ₹): -1400 INR

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