Index Covered Contra Strangle Strategy            


ZERODHA
UPSTOX
ALICEBLUE
FYERS
ANGEL
STOXKART
EDELWEISS
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 BANKNIFTY22JUN33700CE 33700 CE 69 0 3450
Buy 1 lot NIFTY22JUN15850CE 15850 CE 63 0 -3150
Buy 1 lot NIFTY22JUN15850PE 15850 PE 74 70 -200
Sell 2 lot BANKNIFTY22JUN33200PE 33200 PE 74 0 3700

Approx Margin Required: 325000

Profit (in ₹): 3800 INR  |   Max Profit (in ₹): 3950 INR  |   Max Loss (in ₹): -3850 INR

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