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 BANKNIFTY21D0236700CE 36700 CE 64 0 3200
Buy 1 lot NIFTY21D0217250CE 17250 CE 49 152 5150
Buy 1 lot NIFTY21D0217200PE 17200 PE 52 0 -2600
Sell 2 lot BANKNIFTY21D0235900PE 35900 PE 53 0 2650

Approx Margin Required: 325000

Profit (in ₹): 8400 INR  |   Max Profit (in ₹): 8400 INR  |   Max Loss (in ₹): -300 INR

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 0 0 0 0
Buy 1 lot NIFTY21D0217250CE 17250 CE 49 152 5150
Buy 1 lot NIFTY21D0217200PE 17200 PE 52 0 -2600
Sell 2 lot 0 0 0 0
Profit (in ₹): 2550 INR  |   Max Profit (in ₹): 2550 INR  |   Max Loss (in ₹): -2300 INR

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 0 0 0 0
Buy 1 lot BANKNIFTY21D0236500CE 36500 CE 128 8 -3000
Buy 1 lot BANKNIFTY21D0236200PE 36200 PE 126 0 -3150
Sell 2 lot 0 0 0 0
Profit (in ₹): -6150 INR  |   Max Profit (in ₹): 0 INR  |   Max Loss (in ₹): -6275 INR

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