Execute Short Straddle at current strike
Updated
NIFTY After the rally from 19300 range till 20000 nifty is now started its consolidation. This is the right time to execute the short straddle for the 21 Sep Expiry.
Options Short Straddle:
Sell 2100 CE & 2100 PE - 21st Sep (Straddle)
Buy 19900 PE - 21St Sep (Hedge Trade)
Buy 20300 CE - 21st Sep (Hedge Trade)
Max Profit - 7,128/-
Max Loss - 2,873/-
!!! Caution !!! - Must execute these trades on 15th before 10.00 AM
Must Exit all the trades at the same time. on 21st Sep by 3 Pm.
Please check the below link for the graphical representation of the stratergy.
https : // sbull.co/s/DNmBYjyo /
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Note
Execute 19750 long straddle for some profits. Buy 19750 CE and 19750 PE both at the same time.
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