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 |
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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| 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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| 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 |