A thread to demonstrate how a profitable options trade can be converted to a crown strategy. Learnt this recently from @NiftyOptionss
I had initiated a naked put sell on 31-Jan-2023
1) Sold 4 lots 17000PE
2) Shifted to 4 lots 17500PE
3) Today shifted to 18000PE
+ 1/n
I had initiated a naked put sell on 31-Jan-2023
1) Sold 4 lots 17000PE
2) Shifted to 4 lots 17500PE
3) Today shifted to 18000PE
+ 1/n
4) Convert to put butterfly at 18000 strike
-5 lots 18000PE
+5 lots 18200PE
+5 lots 17800PE
2/n
-5 lots 18000PE
+5 lots 18200PE
+5 lots 17800PE
2/n
5) Add a put butterfly
+ 5 lots 17800PE
- 10 lots 17700PE
+ 5 lots 17600PE
3/n
+ 5 lots 17800PE
- 10 lots 17700PE
+ 5 lots 17600PE
3/n
6) Add a CE butterfly at Call Side
+5 lots 18200CE
-10 lots 18300CE
+5 lots 18400CE
+5 lots 18200CE
-10 lots 18300CE
+5 lots 18400CE
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