Did short strangle strategy on Voltas :- Current price was 613 1) Shorted 1 lot 670 CE at 2 2) Shorted 1 lot 560 PE at 1.9
total points gained = 3.9 Total profit = 3.9 *1000 = 3900
We will get whole the money if it expires between 560-670 Upper BEP = 673 Lower BEP = 557
Trade active
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Now 670 CE reached at 1.30 560 PE reached at 1.10
Total points = 2.40 we are in profit of =(3.9-2.40)=1.5 * 1000 = 1500 Still active , did not square off
Trade active
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Again today shorted Voltas 680CE @ 1.25 So total points gained : 1.9 + 2 + 1.25 = 5.15 ,So tal profit will be 5150 if it expires succefully because all are OTM.