Nifty 50 IndexUpdated NIFTY - Long Straddle
In a long straddle:
1. Call option for 10650 bought
2. Put option for 10600 bought
Targeting high volatility this week with earnings and post Diwali selling. Was expecting a downward move but wanted to go risk neutral on the whole week.
The option expires in two weeks time, I may consider selling some OTM options to hedge theta as well.
1. Call option for 10650 bought
2. Put option for 10600 bought
Targeting high volatility this week with earnings and post Diwali selling. Was expecting a downward move but wanted to go risk neutral on the whole week.
The option expires in two weeks time, I may consider selling some OTM options to hedge theta as well.
Note
Update : NIFTY is at 10523, roughly 10% profit on the straddle.Note
Took profit. Will revaluate after market opens tomorrow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.