Options Adjustments

[lemondew]

Sorry Max loss would be 100-46 = 54
7300 & 7400 would be too close. Market has broken both strikes in last few weeks. So i would stay further away 7500 and 7200 would be safer.

How you calculated your Max loss 100?
why you are not used 7300PE and 7400CE to short?

 

[toughard]

Sorry Max loss would be 100-46 = 54
7300 & 7400 would be too close. Market has broken both strikes in last few weeks. So i would stay further away 7500 and 7200 would be safer.

BE en BO points are more or less same if you short 73PE&74CE and with little extra risk you can increase your reward with better risk reward ratio.... that's why I was asking you exit plan!!!

 

[toughard]

Okay... if someone is ready for 1 to 1 RRR...
then they can prefer broken legs... we will take this with lemondews trade example...

this is lemondews trade iron condor presently....

this is advised... it can be tilted for opp view...

investment is same for both the strategies and one can see the pro's and cons, BO points and RRR's with the help of above pics & any questions welcome..

toughard...

 

[lemondew]

Nifty @ 7415
buy 7200 36.65
sell 7100 21.40

Sell 7100 21.4
buy 7000 12.35

Profit/loss = +4

Carry forward
Sold 7500 CE @ 54
Bought 7600 CE 26.9

Sold 7200 PE @ 48
Sold 7500 CE @ 54

Bought 7100 PE 28.75
Bought 7600 CE 26.9

Max profit = 46
Max loss 100

Lets go.NIFTY 7368.05

 

[lemondew]

Yes thats a good one. for newbies like me I do with legs because at times I am not watching market or sometimes I just take a break. Here I know i ll loose only so much.

Okay... if someone is ready for 1 to 1 RRR...
then they can prefer broken legs... we will take this with lemondews trade example...

this is lemondews trade iron condor presently....

this is advised... it can be tilted for opp view...

investment is same for both the strategies and one can see the pro's and cons, BO points and RRR's with the help of above pics & any questions welcome..

toughard...

 

[lemondew]

I vent closed the downside completely. Can you draw the picture for my current position. that would be good.

Okay... if someone is ready for 1 to 1 RRR...
then they can prefer broken legs... we will take this with lemondews trade example...

this is lemondews trade iron condor presently....

this is advised... it can be tilted for opp view...

investment is same for both the strategies and one can see the pro's and cons, BO points and RRR's with the help of above pics & any questions welcome..

toughard...

 

[toughard]

I vent closed the downside completely. Can you draw the picture for my current position. that would be good.

please give me values of all 6 legs(open and closed too) that should be drawn...

 

[lemondew]

What you are suggesting was to sel lPE 7100 and buy 7150?
These are all trades done. Pls draw and lets compare.
buy 7200 36.65
sell 7100 21.40

Sell 7100 21.4
buy 7000 12.35

Sold 7200 PE @ 48
Sold 7500 CE @ 54

Bought 7100 PE 28.75
Bought 7600 CE 26.9

 

[lemondew]

what software is that which draws the strategy payoff ?

 

[toughard]

dear lemondew,

let me classify you trades here based on your inputs
sell 7100 21.40 ........Bought 7100 PE 28.75-----cleared
buy 7200 36.65 ....... Sold 7200 PE @ 48-----cleared


now you have

buy 7000 12.35.....
sell 7100 21.40

Sold 7500 CE @ 54
Bought 7600 CE 26.9


if yes then this is your pay graph for one single lot...

What you are suggesting was to sel lPE 7100 and buy 7150?
These are all trades done. Pls draw and lets compare.
buy 7200 36.65
sell 7100 21.40

Sell 7100 21.4
buy 7000 12.35

Sold 7200 PE @ 48
Sold 7500 CE @ 54

Bought 7100 PE 28.75
Bought 7600 CE 26.9