Index Covered Contra Strangle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
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 BANKNIFTY21FEB35600CE 35600 CE 162 977 -40750
Buy 1 lot NIFTY21FEB14750CE 14750 CE 85 261 13200
Buy 1 lot NIFTY21FEB14750PE 14750 PE 86 10 -5700
Sell 2 lot BANKNIFTY21FEB34900PE 34900 PE 167 20 7350
Profit (in ₹): -25900 INR  |   Max Profit (in ₹): 225 INR  |   Max Loss (in ₹): -6900 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)
ActionContractOption Type@ 9:30CMPResult
Sell 2 lot FINNIFTY21FEB16500CE 16500 CE 110 625 -41200
Buy 1 lot NIFTY21FEB14750CE 14750 CE 85 261 13200
Buy 1 lot NIFTY21FEB14750PE 14750 PE 86 10 -5700
Sell 2 lot FINNIFTY21FEB16300PE 16300 PE 74 10 5120
Profit (in ₹): -28580 INR  |   Max Profit (in ₹): 635 INR  |   Max Loss (in ₹): -5305 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)
ActionContractOption Type@ 9:30CMPResult
Sell 2 lot FINNIFTY21FEB16600CE 16600 CE 68 448 -30320
Buy 1 lot BANKNIFTY21FEB35500CE 35500 CE 198 1080 22050
Buy 1 lot BANKNIFTY21FEB35000PE 35000 PE 198 21 -4425
Sell 2 lot FINNIFTY21FEB16300PE 16300 PE 74 10 5120
Profit (in ₹): -7655 INR  |   Max Profit (in ₹): 830 INR  |   Max Loss (in ₹): -595 INR
Design Strategy

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