16 Oct Bank Nifty Strangle

2024年10月15日

Sell 52600 Call x 1 Lots for 21
Sell 50800 Put x 2 Lot for 12.5
Total Premium 33

After making 28 Bucks in yesterdays strangle, this is new one for tomorrows expiry.
Looking at the Bank Nifty movement taking this position
800 points to 1000 Points away on both sides
Expecting 75 % decay by this time tomorrow

2024年10月15日

注释

21 to 16

12.5 to 13.2

2024年10月15日

注释

21 to 11 , 50% Gone ;)
12.5 to 9.5

out of 33 , 16 bucks in thats more than 50% in intra cary or quit, what say??

2024年10月15日

注释

Final Update : 45 % decay done. Last minute swing lifted the call by more than 60% from 11 to 18 and had the opposite effect on the put dropping it by more than 45% from 13.2 to 6.9.

With such low premiums, if its a flat opening will close the trade and move to other strike price or if the movement is directional will do adjustment trade.
Over all a safe way to be is to trade Far Out of the Money options.

2024年10月15日

注释

Point to be noted - Put sell are 2x of Call sell, so from 11 to 18 is 7 bucks but 12.5 to 6.9 x 2 is 12 bucks... its 12.5 and not 13.2 ( error is regretted)

2024年10月17日

交易结束：到达目标

Target Hit - 100 % done