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Intraday Derivatives Strategy on BANKNIFTY (Long Straddle) - IndiaNotes.com
Intraday Derivatives Strategy on BANKNIFTY (Long Straddle)
Nirmal Bang | Published: 13 Jul, 2017  | Source : IndiaNotes.com

Date: 13 JULY, 2017


Scrip Name: BANKNIFTY


Strategy – LONG STRADDLE


Buy BANKNIFTY 13JUL 23900 CE at 37


Buy BANKNIFTY 13JUL 23900 PE at 48


Margin Requirement – Rs 3400 (approximately)


Max Profit: Unlimited if BANKNIFTY expires above 23985 or below 23815


Keep a SL of 50 points or Rs 2000 Loss


Maximum Loss: Rs 3400 (97*40) if BankNifty expires at 23900 (if one doesn’t keep SL)


Target 100 points premium gain


Upper Breakeven: 23985


Lower Breakeven: 23815


Reason – The weekly contract of index is up for expiry today. The index generally witnesses more than 100 points move in either direction during expiry. The VIX moving up would indicate a 100 point move on either direction is likely, which will in turn benefit the strategy.


Pay off:


 

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About Nirmal Bang

Founded in 1986 by Nirmal Bang, the Nirmal Bang is recognized as one of the largest retail broking houses in India, providing an array of financial products and services. Their retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS. The Group is headed by Mr. Dilip Bang and Mr. Kishore Bang.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.