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| Discuss Delta Netural Strategy (short Strangle) at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello, Bot 1 lot (100) Nifty Call SP3700 options @ 36 Bid for 1 more ... |
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#41
15th May 2006, 10:31 AM
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Re: Delta Netural Strategy (short Strangle)
Hello,
Bot 1 lot (100) Nifty Call SP3700 options @ 36 Bid for 1 more lot @ 28 Regards Sanjay 
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#42
15th May 2006, 10:38 AM
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Re: Delta Netural Strategy (short Strangle)
Quote:
wHICH ONE MAY OR JUNE THANKS ONLY4_INR@*****.COM
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#43
15th May 2006, 06:47 PM
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Re: Delta Netural Strategy (short Strangle)
Quote:
Current month i.e MAY We were buying back the ones sold previously. Regards Sanjay
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#44
15th May 2006, 07:28 PM
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Re: Delta Netural Strategy (short Strangle)
Hello,
We started the trade with the following short strangle -600 Nifty Calls SP3700 @ 53.85 -600 Nifty Puts SP3550 @ 47.90 We decided to buy back the options to balance the delta and to protect the position by buying/selling of NF if the markets threatens to take away the premium we collected. Accordingly, we bot 100 Nifty Calls SP3700 @ 35 100 Nifty Calls SP3700 @ 28 100 Nifty Calls SP3700 @ 20 The stop loss order for selling 600 Nfs would have triggered at 3550 (Hopefully, the markets would give us this trade, because on day like today, a stoploss order could have easily jumped) We consider the order to be executed with an avg rate of 3547.50 So, the current position is -300 Nifty Calls SP3700 @ 53.85 CMP 22 -600 Nifty Puts SP3550 @ 47.90 CMP 137.65 -600 Nifty Futures @ 3547.50 CMP 3446 Realized gain Bot back 300 Calls SP3700 at avg price of 27.67 - 1.5 = 26.17 = Rs 7,850/- Gain/Drawdown in open positions - 53,850/- in puts and + 60,900/- in NFs + 9,555/- in Calls Here we also had an option, of covering all the NFs and balance 300 calls SP 3700 and Selling 600 Calls SP3550/SP3600/SP3650 Closing prices for Calls SP3550 is 41.60 SP3600 is 36.95 SP3650 is 30.00 SP3700 is 22.00 I do not regard Rs 6/7 reward enough in taking additional risk of nearer strike price for the calls. Another option i am being tempted to take is to close out the entire position and take home the gains we r getting now, remember a bird in hand...... Regards Sanjay Last edited by SGM; 15th May 2006 at 07:37 PM.
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#45
15th May 2006, 09:11 PM
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Re: Delta Netural Strategy (short Strangle)
Hi Sanjay ,All,
Could anyone in the forum advise what margins would be reqd. for - 1. Selling call or put options . ..am trying to get a hang of the ROI etc. Regards,
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#46
17th May 2006, 12:33 PM
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Re: Delta Netural Strategy (short Strangle)
Quote:
Plz chk i have posted a reply to u r quires on long put, long futures thread. Regards Sanjay
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