You kinda grasp the concept, and the strike price was 47900. If you're interested in the full logic behind the strategy, feel free to DM me, and I'll provide a brief explanation.
Sir, it's a strategy that doesn't rely on predicting market direction. Instead, it focuses on profiting from the passage of time until the options expire (in this case, on March 13, 2024) within a certain price range. This strategy capitalizes on theta decay,...
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