Post
streetgainer
Trading University
Intraday Option Selling Strategy - 930 Buffer Strategy
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This strategy is derived from famous 920 straddle strategy. The strategy is as follows:
1. At 9.30AM select the ATM strikes our trades will be performed on these strikes only. For example, if the Nifty ATM strike is 16950, and CE price at 9.30 is 100 and PE price at the same time is 110
2. Place sell order for less that 10% price of the 9.30 LTP. In this example, CE sell price will be 90(10% of 100) and PE sell price will be 99(10% of 110)
3. Once the sell order is triggered, place SL at 30% or 30 points which ever is lesser. Target price will be set as 80% or 80 points which ever is lesser. In this case, target SL and target for CE will be at 117 points and 18 points, for PE it will be 128 and 19.
4. Recommended capital : 1.5L for selling 1 lot. Not recommending to hedge the position through buying OTM strikes. Don't carry forward this position overnight.
5. In case SL and target both are not reached by 3.20, exit the positions.
#NIFTY50
#PersonalFinance
Mar 11 12:17 AM
· View Votes
IDX:NIFTY 50 price when posted: 16,558.55