BANKNIFTY OPTION STRANGLE STRATEGY

BUY BANKNIFTY 17000 PUT @ 118

BUY  BANKNIFTY 18500 CALL @ 145

COST=263

TOTAL RISK  = 6575

RETURN = UNLIMITED

UPPER BREAK GIVEN POINT=18763

LOWER BREAK GIVEN POINT=16737

Pay off table:

Strike Price	Call Option Price	Strike Price	Call Option Price	Strike rate	Closing price	Return from call	return from put	Payoff
18500	145	17000	118	100	16500	0	12500	5925
18500	145	17000	118	100	16600	0	10000	3425
18500	145	17000	118	100	16700	0	7500	925
18500	145	17000	118	100	16800	0	5000	-1575
18500	145	17000	118	100	16900	0	2500	-4075
18500	145	17000	118	100	17000	0	0	-6575
18500	145	17000	118	100	17100	0	0	-6575
18500	145	17000	118	100	17200	0	0	-6575
18500	145	17000	118	100	17300	0	0	-6575
18500	145	17000	118	100	17400	0	0	-6575
18500	145	17000	118	100	17500	0	0	-6575
18500	145	17000	118	100	17600	0	0	-6575
18500	145	17000	118	100	17700	0	0	-6575
18500	145	17000	118	100	17800	0	0	-6575
18500	145	17000	118	100	17900	0	0	-6575
18500	145	17000	118	100	18000	0	0	-6575
18500	145	17000	118	100	18100	0	0	-6575
18500	145	17000	118	100	18200	0	0	-6575
18500	145	17000	118	100	18300	0	0	-6575
18500	145	17000	118	100	18400	0	0	-6575
18500	145	17000	118	100	18500	0	0	-6575
18500	145	17000	118	100	18600	2500	0	-4075
18500	145	17000	118	100	18700	5000	0	-1575
18500	145	17000	118	100	18800	7500	0	925
18500	145	17000	118	100	18900	10000	0	3425
18500	145	17000	118	100	19000	12500	0	5925
18500	145	17000	118	100	19100	15000	0	8425
18500	145	17000	118	100	19200	17500	0	10925