Dear Traderji,
This is my first post. I am a condor writter. I write options of 5 to 7 series Pe and Ce both on above and below the current market level on -4 i.e minus four day. That is on Monday of the expiry week, for next months. I receive a sort of 1700 plus for five series OR 2800 plus for seven series. If I keep on adjusting the centre for next month then there is a gain of 1100 rupees and 1400 per nifty from which I incurr the expenses in adujusting the shifting of centre. Even if I am left with 250 to 400 rupees at the end; i an in profit of 5% to 8% on net investments.
This is my first post. I am a condor writter. I write options of 5 to 7 series Pe and Ce both on above and below the current market level on -4 i.e minus four day. That is on Monday of the expiry week, for next months. I receive a sort of 1700 plus for five series OR 2800 plus for seven series. If I keep on adjusting the centre for next month then there is a gain of 1100 rupees and 1400 per nifty from which I incurr the expenses in adujusting the shifting of centre. Even if I am left with 250 to 400 rupees at the end; i an in profit of 5% to 8% on net investments.