Can someone please suggest how can i make a short strangle from below? What position i can add to make a range instead of having it this way only? I am doing paper trading to learn
Instead of buying calls, u shld have shorted them.
Both ur current positions are similar.
If stock goes up, both in profit and vice versa.
Still do ur own analysis.
All the best
Sell 6 lots of OTM CEs and see the payoff.
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No way i can correct?
Wow it worked . U r the boss. Hats off man
@maddy_Des Can u please tell what was the logic behind ur suggestion? how u came to this conclusion? I was unable to do it. Please share
Simple.
your positions were approx. 3 delta.
So you needed to add -3 delta to make it delta neutral.
So sell 6 CEs OR Buy 6 PEs.
Also pot SS of position as well, not just payoff chart
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