Trade :
Nifty Aug futures bot at 5360
nifty aug 5400 put bot at 49
Nifty spot was at 5348 when this trade was initiated...! Almost 80% of my options allocation was put on this trade....!
What are my "what if" scenario...? what is my max loss...? max gain... ? what should be my action points...?
what if:
1. nifty close @ 5200
Nifty Aug Fut = 160 points loss.
Nifty 5400 put = 151 points profit.
Overall = 9 points LOSS
2. nifty close @ 5300
Nifty Aug Fut = 60 points loss.
Nifty 5400 put = 51 points profit
Overall = 9 points LOSS
3. nifty close @ 5400
Nifty Aug Fut = 40 points profit.
Nifty 5400 put = 49 points loss.
Overall = 9 points LOSS
4. nifty close @ 5410
Nifty Aug Fut = 50 points profit.
Nifty 5400 put = 49 points loss.
Overall = 1 points Profit
5. nifty close @ 5500
Nifty Aug Fut = 140 points profit.
Nifty 5400 put = 49 points loss.
Overall = 91 points Profit
Max Loss:
9 points if Nifty close <= 5400.
Max Gain:
Anything above 5410, profit will be (Aug.close-5409) points.
Risking 9 points for unlimited reward.