Bank Nifty Options Strategy By IIFL

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

A. Buy 1 Lot Bank Nifty 28,000PE @ Rs130 & Sell 2 Lots Bank Nifty 27,500PE @ Rs 80.

B. Buy 1 Lot Bank Nifty 32,500CE @ Rs 135 & Sell 2 Lots Bank Nifty 33,000CE @ Rs 81.

- Total Premium Received: Rs. 57 (Credit)
- Stop Loss: Debit Rs. 200
- Target Price: Rs. 500

Note: The above is a short vega spread, hence a price movement within the strikes sold in the
underlying index would yield positive payoff. The strategy will stand to gain if Bank Nifty expires
between 26,943 & 33,557. The maximum payoff will be achieved if Bank Nifty expires at 27,500 or
33,000.

Expiry date: December 31, 2020.

Previous Recommendations:

IIFL's clients have regularly benefited from Idea2Act strategies, which has a strike rate of 95%!!
18 out of the past 19 recommendations have been positive and 1 open call.

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