IRON CONDOR-option trading strategy

[lokanathpai]

CAPITAL 2146171
RISK AMOUNT 10% 214617
INVESTIBLE AMOUNT 1931554

IRON CONDOR PAIR FOR FEB 18 SEREIS
MAX OPEN CALL 10800
PUT 10500
MAX RANGE FOR NIFTY SINCE LAST 5 MONTHS 554
AS NIFTY DID NOT BREACH 10400 UPTREND IS MAINTAINED
10500 + 554 = 11054
HENCE FOR UPPER RANGE 11100 WILL BE CONSIDERED

IRON CONDOR PAIR FOR FEB 18 SEREIS IS 11100 - 10500
HEDGE 100 POINTS AWAY
HENCE HEDGE IS 11200 - 10400
CALL 11100 89.55
PUT 10500 55.85
145.40 --A
HEDGE 100 POINTS AWAY
CALL 11200 58.55
PUT 10400 41.05
99.60 --B
INCOMEA-B) 45.80
MAX LOSS (100-INCOME) 54.20

TRADEABLE POSITIONS-LOTS(RISK AMT/MAX LOSS) 475 LOTS

PER LOT ESTIMATED MARGIN IS RS.50000/-. THEN TRADEABLE LOTS FOR THIS INVESTIBLE AMOUNT IS 38

MEANS 19 LOT CALL AND 19 LOT PUT
TRADE ON 19/01/18
FEB11000CALL SELL 1425 89.55 127608.8
FEB11200CALL BUY 1425 58.55 -83433.8
44175
JAN10000PUT SELL 1425 55.85 79586.25
JAN9900PUT BUY 1425 41.05 -58496.3
21090
MAX PROFIT 65265
MAX LOSS 77235

 

[lokanathpai]

RESULTS OF THIS STRATEGY
INITIAL CAPITAL 2000000.00
JULY LOSS -129825.00
AUG PROFIT 157331.25
SEP PROFIT 23220.00
OCT LOSS -9585.00
NOV PROFIT 36180.00
DEC PROFIT 52110.00
JAN PROFIT 16740.00
CUMULATIVE PROFIT 146171.25

 

[lokanathpai]

EXCUSE ME
LAST WEEK I MADE MISTAKES IN LABELLING MY TRADES.
MY ACTUAL TRADE WAS AS UNDER

TRADE ON 19/01/18
FEB11100CALL SELL 1425 89.55 127608.75
FEB11200CALL BUY 1425 58.55 -83433.75
44175.00
FEB10500PUT SELL 1425 55.85 79586.25
FEB10400PUT BUY 1425 41.05 -58496.25
21090.00
MAX PROFIT 65265.00
MAX LOSS 77235.00

 

[lokanathpai]

POSITION AS ON 25/01/18
FEB11100CALL BUY 1425 182.00 -259350.00
FEB11200CALL SELL 1425 135.30 192802.50
-66547.50
FEB10500PUT BUY 1425 49.80 -70965.00
FEB10400PUT SELL 1425 36.65 52226.25
-18738.75
-85286.25
INCOME RETENTION -20021.25

 

[lokanathpai]

POSITION AS ON 02/02/18
FEB11100CALL BUY 1425 22.00 -31350.00
FEB11200CALL SELL 1425 13.50 19237.50
-12112.50
FEB10500PUT BUY 1425 67.40 -96045.00
FEB10400PUT SELL 1425 49.25 70181.25
-25863.75
-37976.25
INCOME RETENTION 27288.75

 

[lokanathpai]

NIFTY CLOSED BELOW 10500 ON 06/02/18. HENCE I CLOSED CALL POSITION.
SOLD 10000 PUTS WITH HEDGE AT 9900
POSITION AS ON 07/02/18
FEB11100CALL BUY 1425 16.00 -22800.00
FEB11200CALL SELL 1425 10.75 15318.75
-7481.25
FEB10500PUT BUY 1425 138.00 -196650.00
FEB10400PUT SELL 1425 105.00 149625.00
-47025.00
-54506.25
INCOME RETENTION 10758.75
FEB10000P SELL 1425 37.00 52725.00
FEB9900P BUY 1425 29.50 -42037.50
10687.50
ADDITIONAL INCOME 10687.50
COST OF REPLACEMENT -7481.25
NET ADDL INCOME 3206.25
INITIAL INCOME 65265.00
TOTAL INCOME 68471.25
MY CURRENT POSITION AT MARKET CLOSURE
FEB10500PUT BUY 1425 185.00 -263625.00
FEB10400PUT SELL 1425 143.00 203775.00
FEB10000P BUY 1425 47.50 -67687.50
FEB9900P SELL 1425 35.50 50587.50
-76950.00
INCOME RETENTION -8478.75

 

[lokanathpai]

POSITION AS ON 09/02/2018
FEB10500PUT BUY 1425 153.00 -218025.00
FEB10400PUT SELL 1425 116.20 165585.00
FEB10000PUT BUY 1425 37.25 -53081.25
FEB9900PUT SELL 1425 28.30 40327.50
-65193.75
INCOME RETENTION 3277.50

 

[lokanathpai]

POSITION AS ON 09/02/2018
FEB10500PUT BUY 1425 113.00 -161025.00
FEB10400PUT SELL 1425 64.90 92482.50
FEB10000PUT BUY 1425 8.50 -12112.50
FEB9900PUT SELL 1425 5.25 7481.25
-73173.75
INCOME RETENTION -4702.50

 

[primitivetrader]

Please use small caps.

 

[SarangSood]

POSITION AS ON 09/02/2018
FEB10500PUT BUY 1425 113.00 -161025.00
FEB10400PUT SELL 1425 64.90 92482.50
FEB10000PUT BUY 1425 8.50 -12112.50
FEB9900PUT SELL 1425 5.25 7481.25
-73173.75
INCOME RETENTION -4702.50

i guess your seeing market will fall down because seeing the delta of above position if market goes up it will turn into loss. i guess that's why you have taken this position.