Amit_Ghosh

BankNIFTY ThetaConsv System - Weekly Expiry Strategy (2 Lot)

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

Sell 26000 PE at 22
Sell 26900 CE at 42.5

Initial credit = 64.5

BEP = 25935.5-26964.5

2% profit on 1.5L deployed capital.
Comment: Closed 26000 PE and shorted 26900 PE to make it a short straddle. In few accounts, shorted 26800 PE. Current Upper BEP is 27050.
Trade closed: target reached: 26000PE was sold at 22 and closed at 2.15 making 19.85 points
26900CE was sold at 42.5 and closed at 98 making -55.5 points
26900PE was sold at 107.5 and closed at 0 making 107.5 points

Net Profit = 19.85-55.5+107.5 = 71.85

2874 INR profit on 14000 INR.
Comment: Its 140000 INR sorry.
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