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 |
BANKNIFTY21O1439000CE |
39000 CE |
43 |
340 |
-14850 |
| Buy 1 lot |
NIFTY21O1418250CE |
18250 CE |
48 |
88 |
2050 |
| Buy 1 lot |
NIFTY21O1418250PE |
18250 PE |
31 |
0 |
-1550 |
| Sell 2 lot |
BANKNIFTY21O1438500PE |
38500 PE |
36 |
0 |
1800 |
|
Approx Margin Required: 325000 Profit (in ₹): -12600 INR | Max Profit (in ₹): 1700 INR | Max Loss (in ₹): -13000 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 |
NIFTY21O1418250CE |
18250 CE |
48 |
88 |
2050 |
| Buy 1 lot |
NIFTY21O1418250PE |
18250 PE |
31 |
0 |
-1550 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 450 INR | Max Profit (in ₹): 650 INR | Max Loss (in ₹): -1600 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 |
FINNIFTY21O1418400CE |
18400 CE |
67 |
67 |
0 |
| Buy 1 lot |
BANKNIFTY21O1438800CE |
38800 CE |
119 |
541 |
10550 |
| Buy 1 lot |
BANKNIFTY21O1438800PE |
38800 PE |
126 |
0 |
-3150 |
| Sell 2 lot |
FINNIFTY21O1418400PE |
18400 PE |
11 |
0 |
880 |
|
Profit (in ₹): 8280 INR | Max Profit (in ₹): 8455 INR | Max Loss (in ₹): -3845 INR |