Short Highest Open Interest Strangle BANKNIFTY
(21000 - 23000)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
BANKNIFTY2070923000CE |
23000.00 CE |
142 |
72 |
1400 |
| Sell 1 lot |
BANKNIFTY2070922000PE |
22000.00 PE |
456 |
486 |
-620 |
|
Profit (in ₹): 800 INR | Max Profit (in ₹): 1500 INR | Max Loss (in ₹): -1340 INR |
Design Strategy
Limited profit, unlimited loss strategy. Preferred usage on Tue / Wed / Thur. Profit Zone:
21402 - 23598
Short Highest Open Interest Strangle NIFTY
(10100 - 11100)
| Action | Contract | Option Type | @ 9:30 | CMP | Result |
|---|
| Sell 1 lot |
NIFTY20JUL11000CE |
11000.00 CE |
99 |
91 |
600 |
| Sell 1 lot |
NIFTY2070910400PE |
10400.00 PE |
61 |
52 |
675 |
|
Profit (in ₹): 1275 INR | Max Profit (in ₹): 1500 INR | Max Loss (in ₹): 0 INR |
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone:
10240 - 11160