Monday, February 24, 2020

#Nifty Strategy for Monday 24/02/2020 #LongStrangle

Nifty Closed at 12080 on Thursday 20/02/2020

For Today we will use the #LongStrangle Strategy

Consider the Strike Price

11900 CE 27/02.2020
12200 PE 27/02/2020 

Price as on EOD 17/02/2020 are as follows
11900 CE 27/02.2020 - 181.10
12200 PE 27/02/2020 - 118.85
Total 299.95

Which is ideally a perfect total of 300

Try to buy this around 300 to 305 total and wait for a gain of 30 to 40 points. If you get this total of 300 then there wont be any loss in the MTM for the day.

Stop Loss - in such a perfect situation technically there is no stop loss but you can have a technical stop loss of either 11875 or 12225

#Nifty #NSEINDIA #Hedge #optionsstrategy

Profit UPDATE @ 9:37 AM -
11900 CE 27/02.2020 - 89
12200 PE 27/02/2020 - 279
Total 368

Gain of 68 points in less than 15 minutes

Thought for the day - 

No comments:

Post a Comment