Hello Guys, I hope you are doing well. In today’s post, I’m sharing a Nifty Option Trading Strategy for October 12, 2023 weekly expiry.
It’s a limited risk option strategy where delta is neutral. So before we jump to our strategy, let me share what is iron condor strategy first.
What is Iron Condor Options Strategy?
Basically, an iron condor is a non-directional limited risk-option strategy.
Iron Butterfly has 4 legs where we sell a strangle and to hedge that strangle option strategy, we buy an OTM call and put options. look at the below payoff chart.
So if you look at the payoff chart, you will find that we have limited risk on both sides. And we will make money if script expires in our range.
The reason to choose this strategy is the risk, adjustments and the range. We get a decent range in our weekly option strategy and adjustments in Nifty Option Trading Strategy for weekly expiry are easy compared to the naked option selling.
So without wasting much time, let me share our optimized Nifty Option Trading Strategy for weekly expiry.
Nifty Option Trading Strategy for weekly expiry
Here is our Nifty Option Trading Strategy for weekly expiry:
Now the break-even for this advanced Nifty Option Trading Strategy for weekly expiry are 19450 & 19750.
We did an open interest analysis in our live market session with the premium community members to find the range of this weekly strategy and this strategy required some adjustments if there is any breakout or breakdown from break-even.
Now a days market is highly volatile, so we will monitor and adjust this strategy to reduce risk and increase profitability.
We will share the adjustments in our premium telegram channel.
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If you want to learn how to create and adjust these option hedging strategies through one-to-one sessions, you can join our Mentorship program.
DISCLAIMER: We are not SEBI research analysts. Views and trading strategies are posted in this weekly market newsletter only for educational purposes. There is no liability whatsoever for any loss arising from the use of this product 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 aware of the risk inherent in securities trading.