Market direction is uncertain. Perhaps after INFY results tomorrow it will choose the direction.
Due to results INFY stock options IVs have gone up as every trader must be doing some strategy for INFY.
Here is one strategy on INFY, where maximum loss could be in the range of 4000-5000 and profit potential around 8000-9000, if IV comes own to 25% after results from current levels.
Otherwise loss could be around 7000/-
Sell 3400 CALL around 110-120
Sell 3400 PUT around 105-115
Buy 3200 PUT around 38-44
Buy 3700 CALL around 40-50
Take all positions simultaneously around market rates. This type of Iron Candor strategy works very well when IVs are very high and should fetch good profit within two days.
Exit after results or on Monday when IV would have gone further down and if INFY stays within the range post results.
Disclaimer: This blog does not take any responsibility of your profit/loss
Due to results INFY stock options IVs have gone up as every trader must be doing some strategy for INFY.
Here is one strategy on INFY, where maximum loss could be in the range of 4000-5000 and profit potential around 8000-9000, if IV comes own to 25% after results from current levels.
Otherwise loss could be around 7000/-
Sell 3400 CALL around 110-120
Sell 3400 PUT around 105-115
Buy 3200 PUT around 38-44
Buy 3700 CALL around 40-50
Take all positions simultaneously around market rates. This type of Iron Candor strategy works very well when IVs are very high and should fetch good profit within two days.
Exit after results or on Monday when IV would have gone further down and if INFY stays within the range post results.
Disclaimer: This blog does not take any responsibility of your profit/loss
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