Bank Nifty Long Strangle ITM Trade on Expiry Day - 28/1/2021

Date 1/28/2021

Asset: Bank Nifty Options

Trade



Thesis: On expiry day bank nifty is expected to give a big move after 2:00 pm. So, out of 10 trades, your 7 trades would be profitable. I will be keeping a record of my trades and will post the total results in the end. I got lucky on the 1st one. Exit- The idea is to let the option expire till the very end. This is my second trade on this strategy and it is working fine as of now. I kept the options till the very end this time and it worked in my favor. Note that both the options are in the money so as to keep the risk and gamma in favor. 


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