I traded with new strategy this week
Buy Banknifty Future
Sell current week ATM Call
Buy Current Month Put @ breakeven strike
and here is the result:
==============================
In my Zerodha account:
on 27th Feb
Bought Bnknifty Future @ 20706
Sold 2nd FEB 20600 CE @ 168
Bought March 20600 PE @ 346
Total Profit/Loss
Future 20706-20608 = -98
2nd FEB 20600 is @ 0.05 = + 168
March 20600 PE sold = 366-346 = +20
Total = -98+168+20 =90 points
============================
In NSE Pathsaala account:
Same time 27 FEB
Sold Future @ 20706
Sold 2nd FEB 20700 PE @ 145
Bought March 20800 CE @ 330
Total Profit/loss by taking today's closing price.
Future = 20706 - 20626 = +80
2nd FEB 20700 is @ 126: 145 - 126 = +19
March 20800 CE @ 282 : 330-282 = -45
Total : +80+19-45 = +54
===========================
As you can see this strategy works for me in both the conditions.
I was already making profit from 28th FEB but I want to hold it till expiry to see the result and today I got this.
Margin Used: 80K
Profit = 90*40 = 3600
I think its around 4.5% in 4 days only.
Buy Banknifty Future
Sell current week ATM Call
Buy Current Month Put @ breakeven strike
and here is the result:
==============================
In my Zerodha account:
on 27th Feb
Bought Bnknifty Future @ 20706
Sold 2nd FEB 20600 CE @ 168
Bought March 20600 PE @ 346
Total Profit/Loss
Future 20706-20608 = -98
2nd FEB 20600 is @ 0.05 = + 168
March 20600 PE sold = 366-346 = +20
Total = -98+168+20 =90 points
============================
In NSE Pathsaala account:
Same time 27 FEB
Sold Future @ 20706
Sold 2nd FEB 20700 PE @ 145
Bought March 20800 CE @ 330
Total Profit/loss by taking today's closing price.
Future = 20706 - 20626 = +80
2nd FEB 20700 is @ 126: 145 - 126 = +19
March 20800 CE @ 282 : 330-282 = -45
Total : +80+19-45 = +54
===========================
As you can see this strategy works for me in both the conditions.
I was already making profit from 28th FEB but I want to hold it till expiry to see the result and today I got this.
Margin Used: 80K
Profit = 90*40 = 3600
I think its around 4.5% in 4 days only.