Bank Nifty Long Strangle ITM Trade on Expiry Day - 4/2/2021

 Date 4/2/2021

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. This is my third trade with this strategy and I have to agree that this is giving me good returns over the money deployed. Exit- The idea is to let the option expire till the very end. 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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