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A short thread on #Nifty #Straddle
If you like to do a strangle on Nifty, then I recommend that you do #IronCondor and not straddle. At the start of new week, on Friday or Thursday a Nifty Straddle has collective premium of 250 to 300 points. Based on Vix it is coming down. 1/n
If you like to do a strangle on Nifty, then I recommend that you do #IronCondor and not straddle. At the start of new week, on Friday or Thursday a Nifty Straddle has collective premium of 250 to 300 points. Based on Vix it is coming down. 1/n
Buy in same quantity a 500 point away call and put. It will bring your premium collection down from 250-300 points to may be 200-250 points, but your RR will be close to 1:1. 2/n
Now you dont have to put a stoploss as it is already 1:1 hedged. Thats a max risk of 19000 per lot.
Spread your legs to the extent you can bear a loss. Or put a stoploss. But dont go for naked straddle without a worst case scenario.
Spread your legs to the extent you can bear a loss. Or put a stoploss. But dont go for naked straddle without a worst case scenario.
