Updated

Short Strangle Spread on BankNIFTY 7th June 2018

View: Range bound Movement with aggressive movement due to RBI policy ahead

Contract: 7th June 2018

Sell 1 lot of 27500 CE at 41.5
Sell 1 lot of 25700 PE at 23.5

Initial Credit: 65 (Spread to be executed in the range of 60-70)

Breakeven: 25635 - 27565

Points To Note:

Interest Rate Decision on Wednesday.
International Movement on Italian Bond Market crash.
Foreign investment impact on HDFC Bank due to recent rulings of SEBI.

Effective Margin: 1,34,204 INR

Profit Percentage: 1.93 %

Note

So far it is good. Concern will be there if it breaks 25800 on closing basis which is highly unlikely.

Note

Tomorrow intraday convert former to MIS and short 25800 PE along with 26900 CE and exit them at 1 for intraday gain.

Note

25800 PE was opened below 0.5. So we did 2 lots of 26900 CE on intraday. It ended in good gains.

Amit_Ghosh

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Amit_Ghosh

Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/

Our community is full with traders who actually trade!

Telegram: t.me/unofficed

Also on: