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 |
BANKNIFTY2152033200CE |
33200 CE |
178 |
100 |
3900 |
| Buy 1 lot |
NIFTY2152014750CE |
14750 CE |
98 |
96 |
-150 |
| Buy 1 lot |
NIFTY2152014550PE |
14550 PE |
95 |
70 |
-1875 |
| Sell 2 lot |
BANKNIFTY2152031600PE |
31600 PE |
180 |
210 |
-1550 |
|
Profit (in ₹): 375 INR | Max Profit (in ₹): 2275 INR | Max Loss (in ₹): -1125 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 |
NIFTY2152014750CE |
14750 CE |
98 |
96 |
-150 |
| Buy 1 lot |
NIFTY2152014550PE |
14550 PE |
95 |
70 |
-1875 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): -2025 INR | Max Profit (in ₹): 450 INR | Max Loss (in ₹): -2025 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 |
FINNIFTY2152015500CE |
15500 CE |
250 |
151 |
7920 |
| Buy 1 lot |
BANKNIFTY2152032700CE |
32700 CE |
358 |
222 |
-3400 |
| Buy 1 lot |
BANKNIFTY2152032200PE |
32200 PE |
358 |
452 |
2350 |
| Sell 2 lot |
FINNIFTY2152014500PE |
14500 PE |
19 |
13 |
480 |
|
Profit (in ₹): 7350 INR | Max Profit (in ₹): 8775 INR | Max Loss (in ₹): -365 INR |
Design Strategy