GOOD PROFIT: Hedged nifty positions with straddle...

how do you find this strategy....


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With the long Futures position, the downside risk is far more than just the shirt straddle. !

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@samip2u If you read the thread carefully, you will notice that @linkon7 has used buying of protective ATM option for overnight positions in NF to guard against gaps and unforeseen black swan events, so he has taken care to manage the risk very well, IMHO.