Index Covered Contra Strangle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
STOXKART
EDELWEISS
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 BANKNIFTY22MAY34900CE 34900 CE 99 187 -4400
Buy 1 lot NIFTY22MAY16350CE 16350 CE 86 137 2600
Buy 1 lot NIFTY22MAY15800PE 15800 PE 85 50 -1800
Sell 2 lot BANKNIFTY22MAY32700PE 32700 PE 102 71 1550

Approx Margin Required: 325000

Profit (in ₹): -2050 INR  |   Max Profit (in ₹): 0 INR  |   Max Loss (in ₹): -2950 INR

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