Tuesday, 1 August 2017

STRANGLE IN SBIN WITH BEARISH BIAS

SBIN is in news today for reducing credit policy.Moreover tomorrow is bi monthly RBI credit policy which bring SBIN more in focus.On technical grounds there is increase in open interest and significant surge in vix in this counter. One can take Strangle option strategy in options with slight bearish bias.

Leg 1: Buy 1 Lot SBIN 340 call @ 2.4-2.5
Leg 2: Buy 1 Lot SBIN 295 put @ 4.6-4.8

PAYOFF CHART


CLICK READ MORE TO CHECK PAYOFF TABLE
Strike Price CE Price Strike Price2 PE Option Price3 Closing price net investment Payoff
340 2.3 295 4.8 250 21300 113700
340 2.3 295 4.8 260 21300 83700
340 2.3 295 4.8 270 21300 53700
340 2.3 295 4.8 280 21300 23700
340 2.3 295 4.8 290 21300 -6300
340 2.3 295 4.8 300 21300 -21300
340 2.3 295 4.8 310 21300 -21300
340 2.3 295 4.8 320 21300 -21300
340 2.3 295 4.8 330 21300 -21300
340 2.3 295 4.8 340 21300 -21300
340 2.3 295 4.8 350 21300 8700
340 2.3 295 4.8 360 21300 38700
340 2.3 295 4.8 370 21300 68700
340 2.3 295 4.8 380 21300 98700
340 2.3 295 4.8 390 21300 128700
340 2.3 295 4.8 400 21300 158700
340 2.3 295 4.8 410 21300 188700
340 2.3 295 4.8 420 21300 218700

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