Short Highest Open Interest Strangle BANKNIFTY
(21500 - 23500)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
BANKNIFTY20SEP23000CE |
23000.00 CE |
137 |
70 |
1675 |
| Sell 1 lot |
BANKNIFTY20SEP22000PE |
22000.00 PE |
185 |
280 |
-2375 |
|
Profit (in ₹): -700 INR | Max Profit (in ₹): 425 INR | Max Loss (in ₹): -6675 INR |
Design Strategy
Limited profit, unlimited loss strategy. Preferred usage on Tue / Wed / Thur. Profit Zone:
21678 - 23322
Short Highest Open Interest Strangle NIFTY
(11100 - 12100)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
NIFTY20SEP12000CE |
12000.00 CE |
4 |
3 |
75 |
| Sell 1 lot |
NIFTY20SEP11500PE |
11500.00 PE |
79 |
85 |
-450 |
|
Profit (in ₹): -375 INR | Max Profit (in ₹): 1575 INR | Max Loss (in ₹): -3600 INR |
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone:
11418 - 12082