Short Straddle + Short Strangle

22 thg 1, 2020

Markets are showing further down move but it won't be a rally rather it will be a range-bound movement

5 Min charts show a possible breakdown which may go up to 12100 level

I believe Markets will expire today at 12100 Strike
So most probably 12100 will be our ATM Strike

Straddle At 12100 Strike

CE Premium = 98
PE Premium = 18.32

Strangle

At 12200 CE
Premium = 37.25

At 12000 PE
Premium = 6.05

Net Premium = 159.62
Net Delta = - 0.85
Stop Loss for each trade would be 850

Max Loss = 850 * 4 = 3400
Max Profit = 159.62 * 75 = 11971


Happy Trading....

22 thg 1, 2020

Ghi chú

Unwinding 12100 PE as its decreasing our profits at premium of 4.62

22 thg 1, 2020

Giao dịch được đóng thủ công

Closing all trade 2:32 PM
12100 CE Change in Premium = -65.1
12200 CE Change in Premium = -30.1
12000 PE Change in Premium = 0.65
Net Change = -94.55
Net Profit = 94.55 * 75 = 7091.25
This profit is almost 60% of the Premium which is good

22 thg 1, 2020

Ghi chú

Forgot to deduct the loss of (4.62 * 75) 346 from our Profit of 7091

Net Profit Corrected = 7091 - 346 = 6745

Net Profit = 6745