• Option Strangle Adjustment by #🧔Apna-Trader.
• Sell 20 Delta Call & Put for Bank Nifty or Index.
  • Goto Option Chain. https://opstra.definedge.com/strategy-builder/
  • Sell Call with around 20 Delta, Sell Put with around 20 Delta.
• Sell 15 Delta Call & Put for Shares.

Criteria for Adjustment

• ==When Adjustment = Price of Losing Trade > 2 x Price of Winning Trade.==

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• ==How Adjustment = Exit Winning Side + Enter New Trade with Delta Equal to Losing Side.==

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• Goto P&L in Opstra Check Current Price.

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• Bank Nifty 1.20L to 1.50L one lot short strangle.

• Exit at 4%.

• When after adjusting both side strangle is converted into straddle EXIT or perform Straddle adjustments.

• When one’s judgement goes wrong.

  • Eg : Rangebound prediction turned into trending.
  • Then Exit.

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• Exit when Straddle or 4%.

• Even when the view went wrong, one could make profit with this strategy.