Damodharn B (MIT) ๐Ÿ‘‘
Damodharn B (MIT) ๐Ÿ‘‘

@DamPro4

6 Tweets 17 reads Feb 21, 2023
Positional Trade idea BNF
Initiation & Adjustment
Complete Thread ๐Ÿงถ
Take Weekly Short Strangle
CE :120-130 range
PE :120 -130 range
Position sizing 1 lot for 2L
Max loss exit : 2% of 2L (4k)
Time exit : on Expiry day 1:30 pm
Profit exit : 2k to 4k profit per week
if BNF moves โฌ‡๏ธ
Price Balance goes off between ce 40 rs (20% of total Premium) and 200 Pe
Book 40 rs Ce and add 200 rs Ce.. (price equal to PE cmp)
Adjust again if price goes offbalance
if BNF moves โฌ†๏ธ
Price Balance goes off between PE 40 rs (20% of total Premium) and 200 CE
Book 40 rs PE and add 200 rs PE (price equal to CE leg cmp)
Adjust again if price goes offbalance
If BNF โ–ถ๏ธโ—€๏ธ book good profit..
Follow Simple Rules and enjoy great profits..
Retweet the First thread if you found it simple, effective & useful

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