No naked calls are correct. If you have bought puts or have shorted Nifty then, to hedge them buying calls by EOD, would have been better.
sir i hav one querry on that?? like if u hav hedged ur position with shorting nifty or buying put in that case too watever way mkt go u will b surely in loss n if u had taken time to exit u will had loss in both call as well as put due to time decay
so wat strategy u had chosen after u will b in a strangle to get out of ur position???
if u had sold one then other will remain naked n if u sell both no chance of earning till the breakeven achieved
pls tell me as i always trapped in strangles n dont find a way to exit with profit thnx in advance
sir i hav one querry on that?? like if u hav hedged ur position with shorting nifty or buying put in that case too watever way mkt go u will b surely in loss n if u had taken time to exit u will had loss in both call as well as put due to time decay
so wat strategy u had chosen after u will b in a strangle to get out of ur position???
if u had sold one then other will remain naked n if u sell both no chance of earning till the breakeven achieved
pls tell me as i always trapped in strangles n dont find a way to exit with profit thnx in advance
I do not recomend Strangle at all.
You can however, write call options at R1+200 and puts at S1 - 200 strike price. Keep cost of calls = cost of puts and overall SL=Rs 5000 per lot or 30% of total cost.
Regards
