Banknifty MAY expiry bet

Diupdate
Expecting banknifty to stay within the channel.

Trade 1: Short Straddle - Medium Risk
SELL 19000CE: 64.6 * 20 = 1292
SELL 16000PE: 47.3 * 20 = 946
Total profit = 2238 Rupees

Trade 2: Iron Condor - Ultra low Risk
SELL 16000PE: 47.3
BUY 15900PE: 41.45
SELL 19000CE: 64.6
BUY 19100CE: 55.85
Total Profit = 64.6 + 47.3 - 41.45 - 55.85 = 292 Rupees
Catatan
80% of premium in pocket already, conservative traders can close the trade here, and sleep peacefully. Others can continue to hold, if you want 400 rs more and save brokerage on exit orders.
Catatan
Perfect example trade on how being conservative protects your capital and saves you from black swan events. yesterday it was 80 % profit, no it is in huge loss. Either way every trade is a learning.
ironcondoroptions-strategyParallel Channelshortstraddle

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