Amit_Ghosh

BankNIFTY Theta System - Weekly Expiry Strategy (2 Lot)

Amit_Ghosh Updated   
NSE:BANKNIFTY   Nifty Bank Index
BankNIFTY is likely to consolidate with bearish outlook as Trump is making noise but our NIFTY will boom as there are corporate results.

Sell 26500 CE at 160.15
Sell 26500 PE at 179.40

InitIal Credit = 339.55 (IC is lower this time because the IV is lower as there is no Reliance AGM like last time.

BEP 0.76% = 26160.45-26839.55
Comment:
Closed today with 800 INR loss.
Shorted 26800 PE with 27200 CE with a premium of 86 points.
Trade closed: target reached:
26500CE was sold at 160.15 and closed at 321.65 with a loss of 161.5 points
26500PE was sold at 179.40 and closed at 25.75 making 153.65 points

Net Loss = 161.5-153.65 = 7.85 points

Sold 26800 PE at 44 and closed at 0 making 44 points.
Sold 27200 CE at 42 and closed at 0 making 42 points.
Net Profit = -7.85+44+42 = 78.15

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