IRON CONDOR-option trading strategy

[trump]

NSE also has greek calculator. But it takes lot of time to find out a strike price with required delta value. Moreover the values I feed may not be correct. If any website gives ready made, already calculated delta value, it is better.

Not any that I know of

 

[Subhadip]

http://optionstracker.net/

just go there..free website...

 

[lokanathpai]

POSITION ON 06.10.17
OCT10400 CALL SELL 1350 4.30 5805.00
OCT10300CALL BUY 1350 9.50 -12825.00
OCT9700 PUT BUY 1350 21.90 -29565.00
OCT 9600 PUT SELL 1350 14.05 18967.50
POSITIONAL VALUE -17617.50
RESULT 30645.00

 

[trump]

10250 and 9700 is still far off , but we r then just in the 1st week of expiry

 

[lokanathpai]

Idea is the underlying should not reach/cross the strike on expiry date. Choosing a strike which can give a reasonable premium income is the trich here. Replacing a closer strike in pl;ace of farther strike as days pass will be done basing on Max open interest.

 

[lokanathpai]

POSITION ON 13.10.17
OCT10400 CALL SELL 1350 10.50 14175.00
OCT10300CALL BUY 1350 27.50 -37125.00
OCT9700 PUT BUY 1350 10.30 -13905.00
OCT 9600 PUT SELL 1350 7.45 10057.50
POSITIONAL VALUE -26797.50
INCOME RETENTION 21465.00

MAX OPEN INT FOR OCT SERIES FOR PUTS MOVED
HENCE I AM REPLACING PUT 9700/9600 STRIKES WITH 10000/9900

OCT10000 PUT SELL 1350 28.60 38610.00
OCT9900 PUT BUY 1350 19.70 -26595.00
ADDITIONAL INCOME 12015.00
REPLACEMENT COST -3847.50
EXTRA INCOME 8167.50

 

[lokanathpai]

POSITION ON 19.10.17
OCT10400 CALL SELL 1350 2.55 3442.50
OCT10300CALL BUY 1350 6.15 -8302.50
OCT10000 PUT BUY 1350 34.05 -45967.50
OCT9900 PUT SELL 1350 21.00 28350.00
POSITIONAL VALUE -22477.50
INCOME RETENTION 33952.50

 

[lokanathpai]

POSITION ON 26.10.17
OCT10400 CALL SELL 1350 0.10 135.00
OCT10300CALL BUY 1350 35.95 -48532.50
OCT10000 PUT BUY 1350 34.05 -45967.50
OCT9900 PUT SELL 1350 21.00 28350.00
POSITIONAL VALUE -66015.00
INCOME RETENTION -9585.00
SO THIS TRADE ENDEDUP IN LOSS.
MY CAPITAL IS 2050726
ADD PROFIT -9585
TOTAL 2041141

 

[Subhadip]

POSITION ON 26.10.17
ON EXPIRY DATE AS STRIKES I WAS IN POSITION WERE OTM
I LEFT THE STRIKES TO EXPIRE WORTHLESS, HENCE I WAS ABLE TO
POCKET ENTIRE INCOME OF RS. 56430.00
MY CAPITAL IS 2050726
ADD PROFIT 56430
TOTAL 2107156

Are you trading or not trading just telling....asking as some where I read that u r forward testing

 

[lokanathpai]

MY NEW IRON CONDOR TRADE FOR NOV 2017 SERIES

CAPITAL 2041141
RISK AMOUNT 10% 204114
INVESTIBLE AMOUNT 1837027
IRON CONDOR PAIR FOR NOV 17 SEREIS
MAX OPEN
CALL 10500
PUT 10000
MAX RANGE FORNIFTY SINCE LAST 5 MONTHS 572
AS NIFTY DID NOT BREACH 9700 UPTREND IS MAINTAINED
10000 + 572 = 10572
IRON CONDOR PAIR FOR OCT 17 SEREIS 10600 - 10000
HEDGE 100 POINTS AWAY
HENCE HEDGE IS 10700 - 9900
CALL 10600 38.00
PUT 10000 45.70
83.70 --A
HEDGE 100 POINTS AWAY
CALL 10700 18.50
PUT 9900 32.80
51.30 --B
INCOMEA-B) 32.40
MAX LOSS (100-INCOME) 67.60
TRADEABLE POSITIONS-LOTS(RISK AMT/MAX LOSS) 40 3000.00
PER LOT Rs 50000/- MARGIN AMOUNT REQUIRED.
ON TRADEABLE AMOUNT I CAN SELL TOTAL 36 LOTS
MEANS 18 LOT CALLS AND 18 LOTS PUT
TRADE ON 26/10/17
NOV10600CALL 1350 38.00 51300.00
NOV10700CALL 1350 18.50 -24975.00
NOV10000PUT 1350 45.70 61695.00
NOV9900PUT 1350 32.80 -44280.00
MAX PROFIT 43740.00