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 |
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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| 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)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| 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 |