https://optionhedgingstrategy.blogspot.com/2022/06/dixon-strangle-strategy-rocksss-10000.html
DIXON STRANGLE STRATEGY ROCKSSS 10,000 NET PROFIT BOOKED
STRATEGY GIVEN IN PREVIOUS 31 MAY 2022 POST TO CHECK VISIT https://optionhedgingstrategy.blogspot.com/2022/05/dixon-option-strategy.html
DIXON 4100 CALL CLOSED @ 50 BUY GIVEN @ 130 LOSS OF 10,000
DIXON 3700 PUT BOOKED PROFIT @ 280 BUY GIVEN @ 120 PROFIT OF 20,000
NET PROFIT OF 10,000
In Nifty's current series, short covering was seen with the price up 2.10% and OI down 8% on Wednesday, with 8.88 lakh shares of OI settled, falling from 112.81 lakh to 103 .93 lakh shares declined. Nifty's month-to-date rollover is 14% on Wednesday, while the Nifty Put Call Ratio, a sentiment indicator used by traders to gauge market sentiment and sentiment, is currently at 0.82 compared to 1, 13 over the past week, indicating a flat to negative move for the expiry. The strategy we are proposing for the weekly EXPIRY scheduled on June 9th is a bearish strategy, namely PUT LADDER, which involves buying one lot of Nifty 16,500 PUT @ 192 and selling one lot each of 16,300 PUT @ 115 & . a lot of 16,100 PUT @ 66. The maximum win of Rs 9,450/- is achieved at levels of 16,300 while the strategy loses below 15,900. The cost of the strategy includes an outflow of Rs 550/- which is the maximum loss if Nifty closes and stays above 16,490 on expiry however any stronger move on the downside could result in losses as an additional put was sold advisable exit strategy altogether to avoid UNLIMITED losses below 15,900. The strategy's break-even points are 16,489 on the upside and 15,889 on the downside.
Nifty OI Concentration