1) Sold 1 lot current Month (Dec.) Future @ 8350.00
2) Sold 1 lot next Month put Option ( Jan. 8100 PE) @ 47.35
3) Bought 1 lot current Month call Option ( Dec. 8400 CE) @ 49.80.
I will square up my position @ +/- 100 points ie Nifty touches @ 8250 or 8450 ,which ever hits first.
Now how to calculate profit & loss? I would require detailed calculation.
Thanks & regards.
Hi Hmp
As you do not trade a pure, simple "Collar" shown in any books, instead an interesting mix of at least two different strategies at the same time, I will allow my self to make this little post to add a bit to your nice above post. Hope you do not mind.
As you trade three legs with different time frames, the combinations to move on with them would be immense. You already told to set an end of this trade on any move in either direction of 100 points and thats a clear way of doing a trade or handling a trading plan :thumb:
Here some more infos for those who are interested in more infos about what is included in the above mentioned trading strategy from Hmp. The writer is mentioning stocks, but it applies in most cases even to futures. The part: "Structures" in those article will allow you to see the three legs in different ways in case you not already have recognized it or do all your option strategy trading divided into all combinations your legs show on the matrix.
https://www.thinkorswim.com/tos/displayPage.tos?webpage=lessonCallsPuts
Take care and have a nice evening over there / Dan