Hello Friends..!!
Markets are now hovering in a range & waiting for the next event of election results.
View: Post result if BJP comes or not with majority in UP will be key driver for the markets. A volatile move of 300 points is expected in either direction depending on the results. To play the volatile move, I recommend the following LONG STRANGLE strategy.
Action:
Buy 8600 March Put@22
Buy 9300 March Call@18
Total Premium Paid(Max Risk): 40
Reward: Theoretically unlimited.
For Traders: Keep Stop Loss of 10 & can expect target of 80-120 on total premium paid.
Any directional move of 200+ points will start generating good profits in this strategy.
Markets are now hovering in a range & waiting for the next event of election results.
View: Post result if BJP comes or not with majority in UP will be key driver for the markets. A volatile move of 300 points is expected in either direction depending on the results. To play the volatile move, I recommend the following LONG STRANGLE strategy.
Action:
Buy 8600 March Put@22
Buy 9300 March Call@18
Total Premium Paid(Max Risk): 40
Reward: Theoretically unlimited.
For Traders: Keep Stop Loss of 10 & can expect target of 80-120 on total premium paid.
Any directional move of 200+ points will start generating good profits in this strategy.
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