24 March 2012

nifty short strangle strategy


OPTION CALL PUT STRATEGY
NIFTY has been trading around 5400 levels for quite some time. We expect it to continue for some more time.
We suggest SHORT STRANGLE STRATEGY for Monday

Nifty SHORT STRANGLE STRATEGY

LEG1: SELL NIFTY  APR 5100 PUT @ 64
LEG2: SELL NIFTY APR 5500 CALL @ 64
CREDIT RECD =(64+64)*50= 6400
OUTLOOK : 5-7 DAYS

CONTINUE TO HOLD WITH SL OF 50 POINTS EITHER SIDE

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