I would like to do some paper trading to see if it is possible to put on a butterfly strategy with each legs at different times.
I understand the NF index is a lot volatile.
I will choose 25JAN2012 series.
NF spot is 4779. Strangle to begin:
buy 1 lot JAN 4600PE @ 64/.
buy 1 lot JAN 4800CE @ 135/.
Total net debit 199/.
The goal here is to place a short JAN 4700PE and a JAN 4700CE to see if it is possible to have a strategy above the zerline.
Anyway, the strategy could change depending on the market behavior. So, in the end we could end up with complete different strategy
Hopefully option masters will help me out with this :clapping:
I understand the NF index is a lot volatile.
I will choose 25JAN2012 series.
NF spot is 4779. Strangle to begin:
buy 1 lot JAN 4600PE @ 64/.
buy 1 lot JAN 4800CE @ 135/.
Total net debit 199/.
The goal here is to place a short JAN 4700PE and a JAN 4700CE to see if it is possible to have a strategy above the zerline.
Anyway, the strategy could change depending on the market behavior. So, in the end we could end up with complete different strategy
Hopefully option masters will help me out with this :clapping: