Short strangle on Kotak Bank

Sold 1 lot of 1400 CE at 8
Sold 1 lot of 1100 PE at 6.55
Total points gained = (8+6.55) = 14.55
lot size = 800

Upper BEP = 1414.55 ~~~ 1415
Lower BEP = 1085.45 ~~~ 1086

Max Profit = 14.55 * 800 = 11640
We will get max profit expires b/w 1100-1400

Trade attivo:

Tried to close the positions with 3.1 points,Called position got squared off Taken 2 point profit from Call side,but Put option didn’t squared off.So to mint the loss sold another 1 lot of Call at 5.10

So now total point becomes = 5.10+6.55=11.65
Upper BEP = 1400+11.65~~1411
Lower BEP = 1100-11.65~~ 1089
we will get full 11.65*800 = 9320 if it expires b/w 1100-1400

Commento:

Squared off the positions with 3 pointe profit
1400 CE buy = 4.40
1100 PE buy = 4.25

So total profit as of now = 2 points + 3 points = 5 points.

Trade attivo:

again entered in same trade
Sold 1400 CE at 4.40
Sold 1100 PE at 4.25
Total points = 8.65

Upper BEP = 1408.65~~1408
Lower BEP = 1091.35~~1902

Trade chiuso manualmente:

Squared off 1400 CE at 2.25
Squared off 1100 PE at 3.20

Points gained = (8.65 - 5.45) = 3.2

So total Points gained = 2 Points + 3 Points + 3.2 Points = 8.2

Total Profit made = 8.2 *800 = 6560