Nifty strategy calculations

sold April nifty future at 8348.95 1 lot..
sold April 8400 put at 109.05.1lot.
Now how to calculate
1) Total investment.
2) Total risk.
3) Breakeven point.
Is this strategy restricted to limited profit & unlimited loss?
If yes then what point my loss/profit will start.
4)Profit/loss after +/- 100 points.

Strike P/L(expiry)
8000 58
8050 58
8100 58
8150 58
8200 58
8250 58
8300 58
8350 58
8400 58
8450 8
8500 -42
8550 -92
8600 -142
8650 -192
8700 -242
8750 -292
8800 -342

more details
optionstrategy.co.in/optionstrategy.html

1. Margin for short future + short put =17000+~17000(not sure)
2. Unlimited upside risk
3. BEP = 8348.95 + premium recd = 8458
4. Profit @-100=57 points, profit@+100=10 points excl other charges

Dear Cinderblock
Will you pl. explain me how you have arrived profit @ 57 points & loss @39 points after +/- 100 points.
And also do you mean +57 points when nifty touches 8348.95-100= 8248.95 & -39 points when nifty touches 8348.95+100=8448.95?
Actualy i want to book profit @ 100 points & stoploss @-100 points for that how much nifty has to go up & down?

1. If nf spot expires at 8348.95, you neither gain or lose on your futures position . The puts that you sold at 109.95 will now be worth 52 (8400-8348). So your net gain on short put position is 109-52=57.

Now, at any point below 8400, no matter where nf spot expires, your short put positions and short futures position will move in opposite direction and cancel out each other. So, your max gain for this strategy is limited to rs.57. You CANNOT earn more than this amount.

Above 8400, your puts will be unable to cancel out losses from your short futures position because at 8400, puts are already worth rs.0. So every point above 8400 will lead to a dip in profit until 8458 when you will be breakeven. Above 8458, your combined position will be in a loss. Have made necessary changes to BEP calculations in my previous post.

2. Yes, these are +/-100 NF points from 8348

3. Your position will NEVER give you a 100 point profit. Max is 57 as long as nf<8400. Your position will give you a 100 point loss at BEP+100.

Thanks a lot dear cinderblock for exhaustive explanation. Now it is clear to me.
Dear Samwarez will you pl. guide me from where you got this values? I have gone thru optionstrategy website but not got that table you have given here. When i click on standard strategies it gives options but when u click on it nothing happens.I also saw there videos in that after selecting particular strategy and after filling necessary information every thing comes automatically but actually by clicking nothing happens.

Today I m taking similar strategy (at EOD) in one lot each for experimental basis as below -

NRML Sold ITM May PE8500
NRML Buy OTM May CE8500
NRML Sold Apr NF

Slight MTM LOSS at present due to Slippage+Taxes..., lets see...
(intention to leave loosing side by Price Action movement

Your options position together mean you actually bought a futures position..also called a synthetic futures position. And then you sold a futures position.

NRML Sold MAY PE 8500
NRML Sold Fut
NRML Buy MAY CE 8500

Putting these values in the strategy screener outcome is below is this correct because there is no loss

Good initiative.

Keep us updated on this experimental trade for educational purpose.

Let's see how you manage coming down, side way and up moves and side way and down and so on markets in case you plan to be in the trade for the next few weeks (maybe until May expiration?).

Or is this just a one shot try and if it not works out then end of the story?

If so, is this your first trade in those direction of option strategy trading and if not so, what would be your reason to not make a try on doing so (long term option strategy trade)? Such trades can be high profitable. I am clear that leg in and leg out has to be done according to market moves.

Take care / Dan