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 |
BANKNIFTY2142233000CE |
33000 CE |
191 |
143 |
2400 |
| Buy 1 lot |
NIFTY2142214650CE |
14650 CE |
127 |
109 |
-1350 |
| Buy 1 lot |
NIFTY2142214550PE |
14550 PE |
126 |
118 |
-600 |
| Sell 2 lot |
BANKNIFTY2142230900PE |
30900 PE |
189 |
200 |
-550 |
|
Profit (in ₹): -100 INR | Max Profit (in ₹): 3125 INR | Max Loss (in ₹): -100 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 |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
NIFTY2142214650CE |
14650 CE |
127 |
109 |
-1350 |
| Buy 1 lot |
NIFTY2142214550PE |
14550 PE |
126 |
118 |
-600 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): -1950 INR | Max Profit (in ₹): 825 INR | Max Loss (in ₹): -1950 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 |
|
0 |
0 |
0 |
0 |
| Buy 1 lot |
BANKNIFTY2142232700CE |
32700 CE |
280 |
218 |
-1550 |
| Buy 1 lot |
BANKNIFTY2142231300PE |
31300 PE |
281 |
288 |
175 |
| Sell 2 lot |
|
0 |
0 |
0 |
0 |
|
Profit (in ₹): -1375 INR | Max Profit (in ₹): 0 INR | Max Loss (in ₹): -2375 INR |
Design Strategy