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 BANKNIFTY2180535100CE 35100 CE 85 125 -2000
Buy 1 lot NIFTY2180515900CE 15900 CE 70 144 3700
Buy 1 lot NIFTY2180515900PE 15900 PE 62 33 -1450
Sell 2 lot BANKNIFTY2180534300PE 34300 PE 76 38 1900

Approx Margin Required: 325000

Profit (in ₹): 2150 INR  |   Max Profit (in ₹): 2700 INR  |   Max Loss (in ₹): -200 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 NIFTY2180515900CE 15900 CE 70 144 3700
Buy 1 lot NIFTY2180515900PE 15900 PE 62 33 -1450
Sell 2 lot 0 0 0 0
Profit (in ₹): 2250 INR  |   Max Profit (in ₹): 2650 INR  |   Max Loss (in ₹): -100 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 BANKNIFTY2180534800CE 34800 CE 194 279 2125
Buy 1 lot BANKNIFTY2180534700PE 34700 PE 197 108 -2225
Sell 2 lot 0 0 0 0
Profit (in ₹): -100 INR  |   Max Profit (in ₹): 725 INR  |   Max Loss (in ₹): -750 INR

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