Dear Pannalal,
I have taken positions in nifty short strangle in the past and tried to convert them into iron condor to hedge risk. Typically I would get about 90 - 100 points for one lot.For example if one were to enter 6500CE/6000PE for Jan yesterday one would get 91.7 points. If one can leg in , it could even be more, although it is not certain.
With this position you are safer even when the market moves in either direction. Yesterday VIX was low. Premium would be higher if VIX is high.
My question is : with " High Profit EOD based strategy" when you are covered only for one side of the market movement what is the extra premium you can get?
You have a program which gives you recommended trade considering the option greeks whereas I take position in short strangle purely on the basis of premium available and the "Safe" limits of nifty on the up and down side.
Could you explain how your strategy is superior to short strangle ?
Needless to add, I find your strategy interesting and I have got good results when I tried it during the current "Difficult" month.
I have taken positions in nifty short strangle in the past and tried to convert them into iron condor to hedge risk. Typically I would get about 90 - 100 points for one lot.For example if one were to enter 6500CE/6000PE for Jan yesterday one would get 91.7 points. If one can leg in , it could even be more, although it is not certain.
With this position you are safer even when the market moves in either direction. Yesterday VIX was low. Premium would be higher if VIX is high.
My question is : with " High Profit EOD based strategy" when you are covered only for one side of the market movement what is the extra premium you can get?
You have a program which gives you recommended trade considering the option greeks whereas I take position in short strangle purely on the basis of premium available and the "Safe" limits of nifty on the up and down side.
Could you explain how your strategy is superior to short strangle ?
Needless to add, I find your strategy interesting and I have got good results when I tried it during the current "Difficult" month.