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 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)
ActionContractOption Type@ 9:30CMPResult
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)
ActionContractOption Type@ 9:30CMPResult
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

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