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 |
BANKNIFTY2151233100CE |
33100 CE |
125 |
144 |
-950 |
| Buy 1 lot |
NIFTY2151214850CE |
14850 CE |
62 |
67 |
375 |
| Buy 1 lot |
NIFTY2151214800PE |
14800 PE |
66 |
49 |
-1350 |
| Sell 2 lot |
BANKNIFTY2151232400PE |
32400 PE |
129 |
69 |
3000 |
|
Profit (in ₹): 1150 INR | Max Profit (in ₹): 1225 INR | Max Loss (in ₹): -4625 INR |
Design Strategy
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 |
FINNIFTY2151215800CE |
15800 CE |
78 |
66 |
960 |
| Buy 1 lot |
NIFTY2151214850CE |
14850 CE |
62 |
67 |
375 |
| Buy 1 lot |
NIFTY2151214800PE |
14800 PE |
66 |
49 |
-1350 |
| Sell 2 lot |
FINNIFTY2151215600PE |
15600 PE |
70 |
58 |
880 |
|
Profit (in ₹): 1020 INR | Max Profit (in ₹): 1400 INR | Max Loss (in ₹): -1665 INR |
Design Strategy
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 |
FINNIFTY2151215900CE |
15900 CE |
44 |
33 |
880 |
| Buy 1 lot |
BANKNIFTY2151233000CE |
33000 CE |
159 |
185 |
625 |
| Buy 1 lot |
BANKNIFTY2151232500PE |
32500 PE |
159 |
91 |
-1725 |
| Sell 2 lot |
FINNIFTY2151215600PE |
15600 PE |
70 |
58 |
880 |
|
Profit (in ₹): 790 INR | Max Profit (in ₹): 2225 INR | Max Loss (in ₹): -190 INR |
Design Strategy