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