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 |
BANKNIFTY2130436800CE |
36800 CE |
236 |
109 |
6350 |
| Buy 1 lot |
NIFTY2130415000CE |
15000 CE |
130 |
47 |
-6225 |
| Buy 1 lot |
NIFTY2130414750PE |
14750 PE |
129 |
322 |
14475 |
| Sell 2 lot |
BANKNIFTY2130434300PE |
34300 PE |
242 |
432 |
-9500 |
|
Profit (in ₹): 5100 INR | Max Profit (in ₹): 6450 INR | Max Loss (in ₹): -2950 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 |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
NIFTY2130415000CE |
15000 CE |
130 |
47 |
-6225 |
| Buy 1 lot |
NIFTY2130414750PE |
14750 PE |
129 |
322 |
14475 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 8250 INR | Max Profit (in ₹): 11475 INR | Max Loss (in ₹): -1725 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 |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
BANKNIFTY2130436700CE |
36700 CE |
262 |
119 |
-3575 |
| Buy 1 lot |
BANKNIFTY2130434400PE |
34400 PE |
262 |
462 |
5000 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): 1425 INR | Max Profit (in ₹): 6850 INR | Max Loss (in ₹): -1425 INR |
Design Strategy