Banknifty Weekly Strategy

[suryameet25]

New position for 23rd MAR expiry:

Bought Future @ 21288
Sold 23rd MAR 21300 CE @ 134.2
Bought MAR 21200 PE @ 196.45

Margin Used = 74234

 

[r4rhythmist]

Closed my entire position today @ 10:10 AM

Total P/L = +1060 (26 Points) in 1 day only

:clap::clap:

good, but what if we are short on futures with PE sold and CE bought as hedge

if direction was against us??

 

[suryameet25]

good, but what if we are short on futures with PE sold and CE bought as hedge

if direction was against us??

We will see the result once we face the same situation.
Let's bank the profits for now..

 

[Purushotham]

New position for 23rd MAR expiry:

Bought Future @ 21288
Sold 23rd MAR 21300 CE @ 134.2
Bought MAR 21200 PE @ 196.45

Margin Used = 74234

Please do explain the reason behind shorting 21300 ce, as per your strategy ITM CE should be short.

 

[r4rhythmist]

Please do explain the reason behind shorting 21300 ce, as per your strategy ITM CE should be short.

check both strikes and look for max time value, maybe this way

 

[suryameet25]

Please do explain the reason behind shorting 21300 ce, as per your strategy ITM CE should be short.

That's becuase It is nearly close to ITM and as it is OTM it has only time value. No intrinsic value here..

 

[suryameet25]

check both strikes and look for max time value, maybe this way

yes, you are right..:thumb:

 

[mdabrar]

whats ur stoploss of banknifty bcoz you are buying and seling banknifty along with option. if u buy banknifty then if its reverse then there is any stoploss or not.

 

[doonyadav]

Good to see profitable strategy. But too many transactions will eat major chunk of profits.
I think only adjustment to be made today was to replace 16th march option to 23rd march option.
Am i right? :!

 

[Purushotham]

New position for 23rd MAR expiry:

Bought Future @ 21288
Sold 23rd MAR 21300 CE @ 134.2
Bought MAR 21200 PE @ 196.45

Margin Used = 74234

From the above

Bought Future @ 21288
Sold 23rd MAR 21300 CE @ 134.2

Above 2 trades protect from 21166 to 21434.

Bought MAR 21200 PE @ 196.45
Which will give you protection from 21004.

So we have to close position when BNF is below 21166.

Am I correct ?