IRON CONDOR-option trading strategy

[Subhadip]

POSITION ON 19.10.17
OCT10400 CALL SELL 1350 2.55 3442.50
OCT10300CALL BUY 1350 6.15 -8302.50
OCT10000 PUT BUY 1350 34.05 -45967.50
OCT9900 PUT SELL 1350 21.00 28350.00
POSITIONAL VALUE -22477.50
INCOME RETENTION 33952.50

POSITION ON 26.10.17
ON EXPIRY DATE AS STRIKES I WAS IN POSITION WERE OTM
I LEFT THE STRIKES TO EXPIRE WORTHLESS, HENCE I WAS ABLE TO
POCKET ENTIRE INCOME OF RS. 56430.00
MY CAPITAL IS 2050726
ADD PROFIT 56430
TOTAL 2107156

Still not understand your view....

How u can let them expire?? As 10300 call was ITM...

 

[lokanathpai]

Still not understand your view....

How u can let them expire?? As 10300 call was ITM...

Yes 10300 call was ITM and premium was 35.95

IRON CONDOR is a paper trade.
My strategy for IC is not working for IC.
In my opinion IC is not suitable for highly trending market.
In CREDITSPREAD I am making profit.

 

[lokanathpai]

POSITIONAL VALUE ON 06/11/17
NOV10600CALL 1350 BUY 58.70 -79245.00
NOV10700CALL 1350 SELL 28.95 39082.50
-40162.50
NOV10000PUT 1350 BUY 23.45 -31657.50
NOV9900PUT 1350 SELL 17.20 23220.00
-8437.50
-48600.00
PR0FIT RETENTION -4860.00

 

[lokanathpai]

POSITIONAL VALUE ON 10/11/17
NOV10600CALL 1350 BUY 20.90 -28215.00
NOV10700CALL 1350 SELL 9.80 13230.00
-14985.00
NOV10000PUT 1350 BUY 26.00 -35100.00
NOV9900PUT 1350 SELL 17.45 23557.50
-11542.50
-26527.50
PR0FIT RETENTION 17212.50

MAX OPEN INT FOR CALL IS 10500 AND PUT IS 10200
HENCE I REPLACED BOTH SPREADS
NOV10500CALL 1350 42.65 57577.50
NOV10600CALL 1350 20.90 -28215.00
29362.50
NOV10200PUT 1350 58.05 78367.50
NOV10000PUT 1350 37.20 -50220.00
28147.50
PROFIT 57510.00
COST OF REPLACEMENT -26527.5
ADDL INCOME 30982.50

 

[lokanathpai]

INITIAL INCOME 43740.00
ADDITIONAL INCOME 30982.50
TOTAL INCOME 74722.50

 

[lokanathpai]

POSITIONAL VALUE ON 17/11/17
NOV10500CALL 1350 BUY 19.40 -26190.00
NOV10600CALL 1350 SELL 8.85 11947.50
-14242.50
NOV10200PUT 1350 BUY 46.40 -62640.00
NOV10100PUT 1350 SELL 24.95 33682.50
-28957.50
-43200.00
PR0FIT RETENTION 31522.50

 

[lokanathpai]

Yesterday, Monday I closed NOV Series and opened DEC series

 

[lokanathpai]

NIFTY RANGE
HIGH LOW RANGE
FEB 8892 8537 355
JUL 10115 9543 572
AUG 10138 9685 453
SEP 10179 9687 492
OCT 10385 9831 554
NOV 10491 10094 397
MAX RANGE 572

 

[lokanathpai]

POSITIONAL VALUE ON 20/11/17
NOV10500CALL 1350 BUY 21.60 -29160.00
NOV10600CALL 1350 SELL 9.55 12892.50
-16267.50
NOV10200PUT 1350 BUY 35.05 -47317.50
NOV10100PUT 1350 SELL 18.55 25042.50
-22275.00
-38542.50
PR0FIT RETENTION 36180.00


INITIAL CAPITAL 2041141.00
ADD:RETAINED PROFIT 36180.00
REVISED NET CAPITAL 2077321.00

 

[lokanathpai]

CAPITAL 2077321
RISK AMOUNT 10% 207732
INVESTIBLE AMOUNT 1869589

MAX OPEN CALL 10500
PUT 10000

MAX RANGE FOR NIFTY SINCE LAST 5 MONTHS 572
AS NIFTY DID NOT BREACH 10000 UPTREND IS MAINTAINED
HENCE 10000 + 572 = 10572 - UPPER RANGE
IRON CONDOR PAIR FOR DEC 17 SEREIS IS 10600 - 10000
HEDGE 100 POINTS AWAY
HENCE HEDGE IS 10700 - 9900

CALL 10600 95.20
PUT 10000 53.85
149.05 --A
HEDGE 100 POINTS AWAY
CALL 10700 62.40
PUT 9900 38.45
100.85 --B
INCOME : (A-B) 48.20
MAX LOSS (100-INCOME) 51.80
TRADEABLE POSITIONS-LOTS(RISK AMT/MAX LOSS) 53

PER LOT Rs 50000/- MARGIN AMOUNT REQUIRED.
ON TRADEABLE AMOUNT I CAN SELL TOTAL 36 LOTS
MEANS 18 LOT CALLS AND 18 LOTS PUT

TRADE ON 20/11/17
DEC10600CALL 1350 95.20 128520.00
DEC10700CALL 1350 62.40 -84240.00
44280.00
DEC10000PUT 1350 53.85 72697.50
DEC9900PUT 1350 38.45 -51907.50
20790.00
MAX PROFIT 65070.00