{7-Jul-2023} ATM+/- 200 point Short straddle odds , post Nifty gap down of more than 50 pts on a Friday
{7-Jul-2023} ATM+/- 200 point Short straddle odds , post Nifty gap down of more than 50 pts on a Friday
{7-Jul-2023} ATM +/- 200 points Short straddle odds , post Nifty gap down of more than 50 pts on a Friday
Trading Strategy Rules :
Nifty opens with a gap down of more than 50 points &
current trading day is Friday &
enter short ATM -200 PE & ATM+200 CE ( nearest 100 strike , nearest monthly) short strangle at open &
exit at the close ( same day)
Below is the backtest performance summary since 2014
Hey Kora - most of the profit is coming from shorting the CE - Do we need the other leg?
50 points 10 years ago and 50 points today are not the same from a % right? A good idea to look at % than points? Or what will be the thought process to stick to points instead of %.