Nifty Bank IndexAggiornato

BankNifty May-2019 Expiry Option Spread

Election have brought high volatility and indexes giving wild swings of late. There is huge premium due to this volatility . So created below neutral option spread which has wider breakeven 26653-31681. Deployed 35% of my capital. Will do adjustments when spot approaches the BPS .

-5x 30MAY2019 27500CE - ₹ 2795
-3x 30MAY2019 30500PE - ₹ 1263.15
-3x 30MAY2019 31000PE - ₹ 1480
-1x 30MAY2019 28000CE - ₹ 2382
Max. Profit ₹ +111,729
Max. Loss ₹ Undefined
Breakevens 26653.0-31681.0
Nota
Comment: Same trade is already initiated 2 days back. You can refer below link for payoff graph and progress of the strategy. If I add any additional legs to the strategy then will post it here with updates.

bit.ly/2GsBa7l
Nota
21,568 Profit. Was not active in tradingview and hence forgot to update here. For immediate and live updates you can follow me on

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