Best Limited Risk Option Strategy in DLF for September Expiry

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Hey Folks! I hope you are doing good. Through this blog, I try to share some options strategies so that we can earn together. Today I’m sharing a Limited risk option strategy in DLF for September Expiry. Read this post till the end to know the strategy and adjustments.

If we talk about what is the best limited risk option strategy, the first strategy that comes to mind is the Iron Condor Option Strategy. I love the strategy because it helps to manage risk while trading passively. I have written a detailed article where I share what an iron condor strategy is and how one can use it.

So, before you deploy this strategy in a live account, you should have a proper understanding of this strategy and its behavior. So, spend some time learning the strategy first.

If you are looking for some Mentorship for these limited risk options strategies like Iron Condor Options Strategy with proper adjustments must click on the below button.

Limited Risk Option Strategy in DLF

The first step to launching a Limited Risk Option Strategy is to find the range of that stock. Let us look at the chart and analyze option chain data to find the range for coming sessions.

DLG chart today - Limited risk option strategy in DLF

After a sharp decline, you can see that DLF is trading in a range. We need that type of stock only for the Limited Risk Option Strategy. Based on the chart, 350 is acting as a strong support level and 400 is acting as a resistance level for coming sessions.

So based on this range (350-400), we can select our strikes based on the above range and Open interest data. Let us look at the option chain data to confirm this range.

Open Interest analysis of DLG

DLF open Interest -Limited Risk Option Strategy

Based on the open interest chart, we can see that 400 is acting as an immediate resistance zone and 350 is acting as an immediate support zone. An indication of expiry level, max pain is at 370.

This is confirmed with open interest that 350 to 400 can be the range in DLF for the coming sessions. So, we can use this range to make the Iron Condor Options strategy.

Limited Risk Option Strategy in DLF

Limited Risk Option Strategy in DLF

Possible adjustments for this Options strategy

This strategy requires some adjustments if it breaks even. To get these adjustments in real time, you can join our premium Telegram Channel.

I hope my articles are helping to trade with these options strategies. Which strategy are you using to generate your monthly paycheck? Do let me know in the comment box.


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DISCLAIMER: – we are not a SEBI research analyst. Views and the options strategy posted here only for educational purposes. There is no liability whatsoever for any loss arising from the use of this article or its contents. This product is not a recommendation to buy or sell, but rather a guideline to interpreting specified analysis methods.  This information should only be used by investors and traders who are aware of the risk inherent in securities trading.

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Sachin Sival is the founder and CEO of Replete Equities, an options trading company that specializes in delta hedging. A self-taught trader, Sachin has a passion for volatility trading and stock trading. Sachin loves to hone his skills by reading up on new strategies and techniques as well as taking part in industry events. In addition to being a successful entrepreneur, Sachin also takes pleasure in photography - as a hobby.

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