Hello experts,
Kindly let me know what do you think about initiating a reverse iron butterfly in SBI options..
For example
Current spot price 2648
Buy put & call 2640 @debit =70+47.60=117.60
Sell put 2620 @ 34.20
Sell call 2660 @ 57.40 total credit =91.60
Net debit =26
Break evens =2666 & 2614
What do you guys think about it?
Kindly let me know what do you think about initiating a reverse iron butterfly in SBI options..
For example
Current spot price 2648
Buy put & call 2640 @debit =70+47.60=117.60
Sell put 2620 @ 34.20
Sell call 2660 @ 57.40 total credit =91.60
Net debit =26
Break evens =2666 & 2614
What do you guys think about it?