Monday, 2 April 2018

ICICIBANK STRANGLE STRATEGY FOR APRIL 2018

"BUY 1 LOT ICICIBANK 280 CALL @ 5 AND 1  LOT ICICIBANK 240 PUT @ 5 "
LOT SIZE =  1250
CURRENT CALL OPTION PRICE = 4.8
CURRENT PUT OPTION PRICE = 5.2
NO. OF CONTRACT = 2
PROFIT/LOSS = 27500 
PAY OFF TABLE - 
Strike Price
Call Option Price
Strike Price
Put Option Price
Closing price
Return from call
return from put
Payoff
280
5
240
5
150
0
247500
220000
280
5
240
5
160
0
220000
192500
280
5
240
5
170
0
192500
165000
280
5
240
5
180
0
165000
137500
280
5
240
5
190
0
137500
110000
280
5
240
5
200
0
110000
82500
280
5
240
5
210
0
82500
55000
280
5
240
5
220
0
55000
27500
280
5
240
5
230
0
27500
0
280
5
240
5
240
0
0
-27500
280
5
240
5
250
0
0
-27500
280
5
240
5
260
0
0
-27500
280
5
240
5
270
0
0
-27500
280
5
240
5
280
0
0
-27500
280
5
240
5
290
27500
0
0
280
5
240
5
300
55000
0
27500
280
5
240
5
310
82500
0
55000
280
5
240
5
320
110000
0
82500
280
5
240
5
330
137500
0
110000
280
5
240
5
340
165000
0
137500
280
5
240
5
350
192500
0
165000
280
5
240
5
360
220000
0
192500
280
5
240
5
370
247500
0
220000

  

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