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