16 Oct Bank Nifty Strangle

15 באוק׳

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

15 באוק׳

הערה

21 to 16

12.5 to 13.2

15 באוק׳

הערה

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??

15 באוק׳

הערה

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.

15 באוק׳

הערה

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)

17 באוק׳

עסקה סגורה: היעד הושג

Target Hit - 100 % done