BANKNIFTY short strangle strike's ❗❗❓

23. Sept. 2021

Hii , traders 😊
I hope that you are doing well

🛑 Are seeking for which strike I have to sell then listen here for 1 min

🛑 Selling strikes purely based on India vix

🛑 Short strangle strike's for BANKNIFTY

◽ sell CALL
➡️ Sell 38100 CE with stop loss of 37900 (simply exist from position after breakout of 37900 with is crucial resistance level I have discussed above it you can checkout by visiting mine profile)

◽Sell PUT
➡️ Sell 37400 PE with Stoploss of 37500 (or in other words : exist from PUT position if breakdown of 37500 which crucial support zone . I have discussed above it clearly u can visit mine profile and Checkout)

➡️ If sold both both strikes (in other words if do short strangle)
Key important you must have to follow
◽ Exist from one position if breakdown/breakout happens and keep it another side for until reach the target level
( if want to know Target level set visit mine profile and watchout BANKNIFTY analysis for expirey day I have clearly mentioned Target levels)
◽ If breakout happens at (37900)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 38000 (I clearly explained about this crucial resistance level you can visit mine profile and Checkout)

◽ If breakdown happens (at 37500 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 37250

🛑You can also short only side either CALL or PE and follow respective Stoploss points
(Personally I will recommend Sell CALL or CE because fear market is higher means if negative is out then fear market will be higher and it will go behind our expectations)


🛑 What is the margin required to do this Short strangle ❗❓
Yeah ,
➡️ Margin requires about 1.3 L in Indian rupees

◽ And you can also reduce this margin to 66k (66000) 😱 How ❗❓
➡️ If you buy far OTM strikes for Covering to Both CE and PE then u will get margin benefit about 64k (1.3L - 66k = 64k benefit means no need to pay if you buy covering CE and PE for sell )
If you do this you only need to pay 66000 as margin to execute this trade instead of 1.3L

🛑Do you wanna know completely about how to select strike to short the market based on India vix volatility index ❗❓
Well , I will explain about
◽ If you give me 10 like and 10 reputation Then I will explain about it in next analysis 😊

🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake



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