Entered into below BN position for 14th June expiry.
BN Spot @ 26700
Buy BN 26600 CE 200 Qty @ 172
Sell BN 26700 CE 200 Qty @ 122
Sell BN 27000 CE 200 Qty @ 30
Net Debit =4K
This position is safe until BN 27080
BN Spot @ 26700
Buy BN 26600 CE 200 Qty @ 172
Sell BN 26700 CE 200 Qty @ 122
Sell BN 27000 CE 200 Qty @ 30
Net Debit =4K
This position is safe until BN 27080
You said earlier that select strickes for BF looking options OI ...how you came these SP selection? are only creteria is total debit is under 20 points?Please share some thought process to selecting SP in this trade