IRON CONDOR-option trading strategy

[lokanathpai]

The pay off chart of your trade looks like following... what kind of condor it is please explain in details for the benefit of learner like me..

Don't draw payoff chart on position. Draw on trade only. Position is mentioned, if IC is closed, to know what would be the result.

 

[lokanathpai]

Noob question
DEC9900PUT SELL 1350 24.20 32670.00 ?
won;t selling 1350 qty require margin of R.s 8,97,477 ?
Geeezyyzz how much money u sitting on

My capital at present is Rs 2077321.00

 

[lokanathpai]

POSITION ON 22/12/17
DEC10600CALL BUY 1350 10.50 -14175.00
DEC10700CALL SELL 1350 1.35 1822.50
-12352.50
DEC10000PUT BUY 1350 1.75 -2362.50
DEC9900PUT SELL 1350 1.30 1755.00
-607.50
MAX PROFIT -12960.00
PROFIT RETENTION 52110.00
I CLOSED THIS POSITION
INITIAL CAPITAL 2077321.00
ADD:RETAINED PROFIT 52110.00
NEW CAPITAL 2129431.00

 

[lokanathpai]

CAPITAL 2129431
RISK AMOUNT 10% 212943
INVESTIBLE AMOUNT 1916488
IRON CONDOR PAIR FOR JAN 18 SEREIS
MAX OPEN CALL 11000
PUT 10900
MAX RANGE FORNIFTY SINCE LAST 5 MONTHS 554
AS NIFTY DID NOT BREACH 10000 UPTREND IS MAINTAINED
10000 + 554 = 10554 - MAX OPEN INT FOR CALL IS AT 11000.
HENCE FOR UPPER RANGE 11000 WILL BE CONSIDERED
IRON CONDOR PAIR FOR JAN 18 SEREIS IS 11000 - 10000
HEDGE 100 POINTS AWAY
HENCE HEDGE IS 11000 - 9900
CALL 11000 10.85
PUT 10000 23.35
34.20 --A
HEDGE 100 POINTS AWAY
CALL 11100 5.00
PUT 9900 16.00
21.00 --B
INCOMEA-B) 13.20
MAX LOSS (100-INCOME) 86.80
TRADEABLE POSITIONS-LOTS(RISK AMT/MAX LOSS) 33 LOTS
MEANS 16 LOT CALL AND 16 LOT PUT
TRADE ON 22/12/2017
JAN11000CALL SELL 1200 10.85 13020
JAN11100CALL BUY 1200 5.00 -6000
7020
JAN10000PUT SELL 1200 28020
JAN9900PUT BUY 1200 -19200
8820
MAX PROFIT 15840

FROM THIS SERIES I WILL ADD ANOTHER STRATEGY TO IC STRATEGY
WHEN INDEX BOUNCES FROM/BREACHES ANY OF THE BOUNDARY STRIKES
I.E CALL/PUT SOLD STRIKE, I WILL CLOSE OPPOSITE POSITION(PUT/CALL) AND SELL CALL/PUT AT NEW MAX OPEN INT
I.E I WILL CONVERT IC INTO A CREDIT SPREAD. LET ME SEE HOW THIS WILL WORK.

HOW BOUNCE WILL BE DETERMINED?
WHEN INDEX MAKES 3 CONSECUTIVE LOWER LOW/HIGHER HIGH

 

[lokanathpai]

POSITION AS ON 29/12/17
JAN11000CALL BUY 1200 8.20 -9840.00
JAN11100CALL SELL 1200 4.50 5400.00
-4440.00
JAN10000PUT BUY 1200 18.60 -22320.00
JAN9900PUT SELL 1200 13.30 15960.00
-6360.00
-10800.00
PROFIT RETENTION 5040.00

 

[lokanathpai]

MAX OPEN INT FOR PUT MOVED TO 10300
HENCE I AM REPLACING IC-PUT POSITION WITH 10300/10200
TRADE ON 29/12/17
JAN10300PUT SELL 1200 54.00 64800.00
JAN10200PUT BUY 1200 37.60 -45120.00
19680.00
INCOME 19680.00
REPLACEMENT COST -6360.00
ADDL INCOME 13320.00
INITIAL INCOME 15840.00
TOTAL INCOME 29160.00

 

[lokanathpai]

POSITION ON 05/01/18
JAN11000CALL BUY 1200 4.50 -5400.00
JAN11100CALL SELL 1200 2.35 2820.00
-2580.00
JAN10300PUT BUY 1200 34.00 -40800.00
JAN10200PUT SELL 1200 21.80 26160.00
-14640.00
-17220.00
PROFIT RETENTION 11940.00

 

[lokanathpai]

MAX OPEN INT FOR PUT MOVED TO 10400
HENCE I AM REPLACING IC-PUT POSITION WITH 10400/10300
TRADE ON 05/01/18
JAN10400PUT SELL 1200 52.00 62400.00
JAN10300PUT BUY 1200 34.00 -40800.00
21600.00
INCOME 21600.00
REPLACEMENT COST -14640.00
ADDL INCOME 6960.00
INITIAL INCOME 29160.00
TOTAL NEW INCOME 36120.00

 

[lokanathpai]

POSITION ON 12/01/18
JAN11000CALL BUY 1200 3.40 -4080.00
JAN11100CALL SELL 1200 1.45 1740.00
-2340.00
JAN10400PUT BUY 1200 19.25 -23100.00
JAN10300PUT SELL 1200 12.30 14760.00
-8340.00
-10680.00
INCOME RETENTION 25440.00

 

[lokanathpai]

POSITION ON 19/01/18
JAN11000CALL BUY 1200 19.80 -23760.00
JAN11100CALL SELL 1200 4.65 5580.00
-18180.00
JAN10400PUT BUY 1200 3.60 -4320.00
JAN10300PUT SELL 1200 2.60 3120.00
-1200.00
-19380.00
INCOME RETENTION 16740.00

I CLOSED THIS POSITION

CAPITAL 2129431
ADD: RETAINED PROFIT 16740
NEW CAPITAL 2146171