May 12th Expiry Option strategy
Updated
Made a double diagonal calendar on NIFTY. Current P&L is in loss of -870
20 May 14200 PE NRML Avg Price: 45.90
12 May 14400 PE NRML Avg Price: 24.42
12 May 15100 CE NRML Avg Price: 25.05
20 May 15300 CE NRML Avg Price: 42.35
Will modify the current range of 14331.33 to 15150.44 as and when necessary
20 May 14200 PE NRML Avg Price: 45.90
12 May 14400 PE NRML Avg Price: 24.42
12 May 15100 CE NRML Avg Price: 25.05
20 May 15300 CE NRML Avg Price: 42.35
Will modify the current range of 14331.33 to 15150.44 as and when necessary
Note
All the sells are 20 contracts. The buys are 10 contracts. Total investment used is 22.5Lacs. Each set therefore is around 1.1LacNote
15100CE SELL and 14400 PE SELL For may 12th each 20 contractsand the 20 May contracts are buy each 10 contracts. Basically they are calendar hedges
Note
Modified range on downside from 14331.33 to 14650. Booked the PE side calendar.
Range on upside is still the same
Note
9k+ booked on PE side.
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