Bank Nifty Option Strategy for the January series by IIFL

Discussion in 'Must-Read Interviews, Articles & News Items' started by Arjun, Jan 8, 2021.

  1. Arjun

    Arjun Chief Executive Officer (CEO) Staff Member

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    IIFL has recommended a new Idea for the January series of Bank Nifty Options that could be beneficial to you.

    A. Buy 1 Lot Bank Nifty 30,000PE @ Rs 155 & Sell 2 Lots Bank Nifty 29,500PE @ Rs₹105.

    B. Buy 1 Lot Bank Nifty 34,000CE @ Rs160 & Sell 2 Lot Bank Nifty 34,500CE @ Rs₹100.
    • Total Premium Received: Rs 95 (Credit)
    • Stop Loss: Debit Rs 200
    • Target Price: Rs 500
    Note : This is a short gamma spread i.e. a price movement within the selling strike prices which could yield a positive payoff. If the strategy is followed, you will stand to gain, if Bank Nifty expires above 28,905, or subsequently below 35,095.

    Expiry date: January 28, 2021.



    Click here to download the pdf copy from IIFL's website

    Previous Recommendations:

    IIFL's clients have regularly benefited from Idea2Act strategies, which has a strike rate of 95%!!
    20 out of the past 21 recommendations have been positive and 1 open call.

    Date Strategy P&L Amount Pos / Neg
    7-May-20 Option strategy to ride the current volatility 13,500 Pos
    11-May-20 Eicher Motors - Trading strategy 10,200 Pos
    1-Jun-20 Nifty / Banknifty - Positional Trading strategy 2,850 Pos
    3-Jun-20 HUL - Trading strategy 6,000 Pos
    8-Jun-20 Bank Nifty - Positional Trading strategy 1,200 Pos
    15-Jun-20 Bank of Baroda - Trading strategy 5,400 Pos
    1-Jul-20 Nifty - Positional Trading strategy 8,625 Pos
    3-Jul-20 LIC Housing Finance - Trading strategy 14,000 Pos
    10-Jul-20 Bank Nifty option strategy for July series 3,100 Pos
    3-Aug-20 Nifty/Bank Nifty strategy for August Expiry 3,200 Pos
    10-Aug-20 Bank Nifty - Option strategy for August series 2,060 Pos
    11-Aug-20 Bharti Infratel - Option strategy (12,600) Neg
    28-Aug-20 Nifty - Option strategy for September series 4,090 Pos
    15-Sep-20 Bank Nifty - Option strategy for September series 4,080 Pos
    16-Sep-20 Mah & Mah - Trading strategy 8,190 Pos
    6-Oct-20 Bank Nifty Option strategy for the October series 4,400 Pos
    29-Oct-20 Nifty Option Strategy ahead of the US Election Results 6,000 Pos
    9-Nov-20 Bank Nifty Option Strategy for the November series 7,440 Pos
    11-Nov-20 Nifty Option Strategy for the November series 2,850 Pos
    2-Dec-20 Nifty Option Strategy for the December series 4,800 Pos
    9-Dec-20 Bank Nifty Option Strategy for the December series 1,140 Pos (Expired)
    5-Jan-21 Nifty Option Strategy for the January series - Open
     
    Last edited: Jan 8, 2021
    Mohit Chauhan likes this.
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