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 |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
NIFTY2220318000CE |
18000 CE |
44 |
25 |
-950 |
| Buy 1 lot |
NIFTY2220316550PE |
16550 PE |
42 |
59 |
800 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Approx Margin Required: 325000 Profit (in ₹): -100 INR | Max Profit (in ₹): 0 INR | Max Loss (in ₹): 99999999 INR |