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Intraday Derivatives Strategy on BANKNIFTY (Long straddle) - IndiaNotes.com
Intraday Derivatives Strategy on BANKNIFTY (Long straddle)
Nirmal Bang | Published: 22 Jun, 2017  | Source : IndiaNotes.com

Date: 22 JUNE, 2017


Scrip Name: BANKNIFTY


Strategy – LONG STRADDLE


Buy BANKNIFTY 22JUN 23800 CE at 32


Buy BANKNIFTY 22JUN 23800 PE at 38


Margin Requirement – Rs 2800 (approximately)


Max Profit: Unlimited if BANKNIFTY expires above 23870 or below 23730


Keep a SL of 40 points or Rs 1600 Loss


Maximum Loss: Rs 2800 (70*40) if BankNifty expires at 23800 (if one doesn’t keep SL)


Target 80 points premium gain


Upper Breakeven: 23870


Lower Breakeven: 23730


Reason – The weekly contract of index is up for expiry today. The index generally witnesses more than 100 points move in either direction during weekly 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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