long put butter fly-bank nifty

hello friends,

i am new to option. but still sharing my thoughts

closing price of bank nifty:- 12197(around)

BUY 1 12100 PUT= 128
SELL 2 12200 PUT=163
BUY 1 PUT 12300 PUT=213

TOTAL PREMIUM PAID= 128+213=341
TOTAL PREMIUM GAIN=163+163= 326
NET PREMIUM PAID= 15

MAXIMUM LOSS OCCUR WHEN BN GOES BELOW 12100 OR ABOVE 12300.

Max Loss = Net Premium Paid + Commissions Paid
Max Loss Occurs When Price of Underlying <= Strike Price of Lower Strike Long Put OR Price of Underlying >= Strike Price of Higher Strike Long Put

Max Profit = Strike Price of Higher Strike Long Put - Strike Price of Short Put - Net Premium Paid - Commissions Paid
Max Profit Achieved When Price of Underlying = Strike Price of Short Put

So what?

I read your title of the thread and the next second the analyzing picture of your idea showed up in front of my mind.

So what do you want to tell us? What you show is what your name of the thread shows. :clapping:

Do not miss interpret my post, but what is your question?

i already said i am new to this kind of strategies should i follow this method when market is range bound?

i think u r well known of this so u guide ahead.

or just tell me to not post this kind of post again . i will surely not post again as novice here. no regret.

What about a bullish broken wing put butterfly?

Dan, he is not really putting up any question. He is simply bouncing off the ideas, inviting comments/suggestions. As his later post says, he is looking for ideas for a rangebound market, assuming the range 12100-12300 for BankNifty (I think).

A bullish broken wing put butterfly .. wow !! what a name.

12100 call buy at 263
12200 2 call sell at 205
12400 call buy 114

premium credit 33

this is looks nice i think and range of banknifty also increase 100 point more.