BankNifty Monthly Strategy

[suryameet25]

I am starting this thread here because My BankNifty weekly and monthly strategies were mixing up in a single thread http://www.traderji.com/options/104071-banknifty-weekly-strategy.html

This thread is for Banknifty Monthly strategy:

Copying again from last thread:
============================
Trade started @
Bought Banknifty March Future @ 20863
Sold 20800 Call @ 426 x 2

My upper Breakeven: 21500
My Lower Breakeven : 20100

So, I bought 2nd march expiry
21300 Call @ 22
20300 Put @ 18
===========================

Total Profit/loss till now:

Future = 20863 - 20544 = -319
20800 Call = 426 - 233 = 193*2 = +386
21300 Call @ 22 = -22
20300 Put @ 18 = -18

Total = -319 +386 - 22 -18 = +27 points


Now again Bought by breakeven for current week:
21200 CE @ 6.50
20100 PE @ 35

Let's see after current week expiry.

 

[doonyadav]

Well done!
:clapping:

 

[suryameet25]

This strategy doesn't looks good. Didn't returned any profit/loss till now...
Profit made are lost in weekly buying..
So, I am stop following this strategy from now..

But Weekly strategy returned good results:
http://www.traderji.com/options/104071-banknifty-weekly-strategy-4.html#post1211724

 

[suryameet25]

Re-opening this thread with another monthly strategy:

Sell Monthly options and hedge with weekly options:

Paper Trade Only:
Sell 27 APR 21000 CE @ 304
Sell 27 APR 21000 PE @ 412

My Lower Breakeven will be 20300
Upper Breakeven : 21700

So, I bought current week options to hedge.
BankNifty 30 MAR 20300 @ 12
BankNifty 30 MAR 21500 @ 9

Let's hold it till 30th MAR and see the results.

 

[rdp36]

Hi, can you please post the progress of this strategy?

 

[fnoprofit46]

Hi Surya...have been going through your strategies... really good work you have done here.
Please post the Progress of these strategy, i would also paper trade this from next week and check

 

[prakashx86]

I am starting this thread here because My BankNifty weekly and monthly strategies were mixing up in a single thread http://www.traderji.com/options/104071-banknifty-weekly-strategy.html

This thread is for Banknifty Monthly strategy:

Copying again from last thread:
============================
Trade started @
Bought Banknifty March Future @ 20863
Sold 20800 Call @ 426 x 2

My upper Breakeven: 21500
My Lower Breakeven : 20100

So, I bought 2nd march expiry
21300 Call @ 22
20300 Put @ 18
===========================

Total Profit/loss till now:

Future = 20863 - 20544 = -319
20800 Call = 426 - 233 = 193*2 = +386
21300 Call @ 22 = -22
20300 Put @ 18 = -18

Total = -319 +386 - 22 -18 = +27 points


Now again Bought by breakeven for current week:
21200 CE @ 6.50
20100 PE @ 35

Let's see after current week expiry.

__________________________________________________

Hello Suryameet25 ,

I request you to Please Explain this strategy steps with Examples.

like on
1. which Date\Day you started Trade?
2. when did you sell
3. what is breakeven
4. on which Date\Day you again Bought.


Thanks ,