Iron Condor for Bank Nifty for 21 September 2017
Sell 25200 CALL
Buy 25400 CALL
Sell 24800 PUT
Buy 24600 PUT
Logic for this strategy:
1.) Demand and supply levels are withing 25000 CALL and 24800 PUT.
2.) High OIs at 25000 CALL and 24800 PUT.
3.) Delta of both these contracts around + 0.32, so there is 68% chance that this strategy would be successful.
4.) Maximum gain could be around Rs.8000/- and at the same time maximum loss potential is also around Rs. 8000/-. One can exit the strategy if loss is more than Rs. 2500/- Or keep an eye on delta of 25000 CALL and 24800 PUT. If combined delta is more than +0.55 then don't hold the strategy anymore.
Disclaimer: This blog is not responsible for your profit/loss.
Sell 25200 CALL
Buy 25400 CALL
Sell 24800 PUT
Buy 24600 PUT
Logic for this strategy:
1.) Demand and supply levels are withing 25000 CALL and 24800 PUT.
2.) High OIs at 25000 CALL and 24800 PUT.
3.) Delta of both these contracts around + 0.32, so there is 68% chance that this strategy would be successful.
4.) Maximum gain could be around Rs.8000/- and at the same time maximum loss potential is also around Rs. 8000/-. One can exit the strategy if loss is more than Rs. 2500/- Or keep an eye on delta of 25000 CALL and 24800 PUT. If combined delta is more than +0.55 then don't hold the strategy anymore.
Disclaimer: This blog is not responsible for your profit/loss.
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