Short Straddle - Options Trading Strategies using Pivottrading.Net & Zerodha

Short Straddle BANKNIFTY

Action	Contract	Option Type	@ 9:30	CMP	Result
Sell 1 lot	BANKNIFTY21O1438800CE	38800 CE	119	541	-10550
Sell 1 lot	BANKNIFTY21O1438800PE	38800 PE	126	0	3150
Approx Margin Required: 190000 Profit (in ₹): -7400 INR \| Max Profit (in ₹): 3000 INR \| Max Loss (in ₹): -7575 INR

No of lots

Limited profit, unlimited loss strategy. Preferred usage on Tue / Wed / Thur. Profit Zone: 38555 - 39045

Short Straddle NIFTY

Action	Contract	Option Type	@ 9:30	CMP	Result
Sell 1 lot	NIFTY21O1418250CE	18250 CE	48	88	-2050
Sell 1 lot	NIFTY21O1418250PE	18250 PE	31	0	1550
Approx Margin Required: 130000 Profit (in ₹): -450 INR \| Max Profit (in ₹): 1600 INR \| Max Loss (in ₹): -650 INR

No of lots

This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 18171 - 18329

Short Straddle FINNIFTY

Action	Contract	Option Type	@ 9:30	CMP	Result
Sell 1 lot	FINNIFTY21O1418400CE	18400 CE	67	67	0
Sell 1 lot	FINNIFTY21O1418400PE	18400 PE	11	0	440
Approx Margin Required: 150000 Profit (in ₹): 440 INR \| Max Profit (in ₹): 440 INR \| Max Loss (in ₹): -1760 INR

No of lots

This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 18322 - 18478