Short Strangle Spread on BankNIFTY 7th June 2018

2 Jun 2018

View: Range bound Movement with aggressive movement due to RBI policy ahead

Contract: 7th June 2018

• Sell 1 lot of 27500 CE at 41.5
  
• Sell 1 lot of 25700 PE at 23.5
  

Initial Credit: 65 (Spread to be executed in the range of 60-70)

Breakeven: 25635 - 27565

Points To Note:

• Interest Rate Decision on Wednesday.
  
• International Movement on Italian Bond Market crash.
  
• Foreign investment impact on HDFC Bank due to recent rulings of SEBI.
  

Effective Margin: 1,34,204 INR

Profit Percentage: 1.93 %

4 Jun 2018

Catatan

So far it is good. Concern will be there if it breaks 25800 on closing basis which is highly unlikely.

6 Jun 2018

Catatan

Tomorrow intraday convert former to MIS and short 25800 PE along with 26900 CE and exit them at 1 for intraday gain.

8 Jun 2018

Catatan

25800 PE was opened below 0.5. So we did 2 lots of 26900 CE on intraday. It ended in good gains.