last week made around 10k mostly in short strangle ( once did iron butterfly and got 2k ) β¦
did it with 10 to 12 lots and i increased it to 13 lots today
experimenting a bit with the trading time
did lots of iron condor and iron butterfly for the last 3/4 months and finally concluded that initiating the position it at 2pm is better than inititaing it at 10am β¦
mean most of the time i will be loss at 2pm , so its better i can initate it at 2pm
probably i wont do short strangle on the options which expires on thursday , little premium to gain and risk outweighs the pft β¦
i am still not sure about doing short strangle or straddle on the expiry day on the next week option because of the last hour volatility β¦
might go long on wednesday if the premiums are less β¦
Buy Nifty 1 Lot @ 10550 and Sell 1 lot of Banknifty @ 25583
BankNifty - Nifty pair is currently trading at ratio of 2.425 and we assume the mean revision of the pair. We assume ratio to come down to level of 2.38. Maintain the SL of ratio to 2.45.