Write / Short 6100 call above 159
Write / Short 6100 put around 145
Write / Short 5900 put around 159
Total Point 460 - 465
Lot Size 50
Stop Loss
Upper side if cross 6500
Lower Side if goes below 5800
Return
In November Month Expiry I expect broad range of lower side 5800 to upper side 6500 level so try to eat all Time Value of this Call option & Put Option so profit around 10% to 15% (including brokerage) investment around 75K
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GUYs Now it's Time to Modify the Strategies
Close Position
6100 Put which we short at 145
5900 PUT which we short at 75
Addition
short 6400 CALL at 62
Short 6400 PUT at 151
So Equation (HOLDING POSITION ) is
6100 call at 159
6400 call at 62
6400 put at 151
Total of all is 372 around
Stop Loss
Upper side if cross 6550
Lower Side if goes below 5950
Return
EXPIRY anything below 6400 and above 6100 than we can get more 14K in Same Investment which we invest in this Strategies & if our stop Loss taken than also we get some PROFIT as we book
Profit in BOTH above said PUT.
Any suggestion or Q is always welcome..................................................................
Remember:-
I m trying this Modification for VERY First time I may be wrong in my Calculation so Trade according to your risk appetite because OPTION writing is Very Dangerous to Trade
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