Strategy which I am trying to put together i.e. to make a profit without doing anything in between from start to end of expiry.
Sell
3500CE May is 160, 3500PE is 176 so total premium recd is 336/-
(So we are covered till 3836 on the higher side and 3164 on the lower side. if naked shorts of the above)
Buy 3400 PE @ 133 and 3600 CE @ 114 thereby decreasing our income by 247/-.
Ultimately our premium credit now arrives to 336 247 = 53+36 = 89 pts.
So wherever the mkts close at or above 3600, we are at loss of 11pts.
So wherever the mkts close at or below 3400, we are at loss of 11pts.
Sell
3500CE May is 160, 3500PE is 176 so total premium recd is 336/-
(So we are covered till 3836 on the higher side and 3164 on the lower side. if naked shorts of the above)
Buy 3400 PE @ 133 and 3600 CE @ 114 thereby decreasing our income by 247/-.
Ultimately our premium credit now arrives to 336 247 = 53+36 = 89 pts.
So wherever the mkts close at or above 3600, we are at loss of 11pts.
So wherever the mkts close at or below 3400, we are at loss of 11pts.
however , "no - action till expiry " intention has to be modified to "no-action till 3300- 3700 band broken".