Read on Twitter
Thread on USDINR Trading:
Part of my capital i trade in USDINR - non-directional.
Past few months it traded in very narrow band - which is paradise for non-direction trading.
check chart.. last 3 months in just 2 Rs. Range
Today will share my December 2020 trade in USDINR
(1/4)
Part of my capital i trade in USDINR - non-directional.
Past few months it traded in very narrow band - which is paradise for non-direction trading.
check chart.. last 3 months in just 2 Rs. Range
Today will share my December 2020 trade in USDINR
(1/4)
Entry Date: 8th December [normally i take position 40 - 45DTE]
Trade: iron condor
Strikes: sold 74.5 Ce and 73.5 PE [Jan 21 expiry]
Hedge: bought 75.5Ce and 72.5PE [Jan 21 expiry]
qty: for illustration shown 100 lots..
margin needed : 1,81,000
(2/4)
![Entry Date: 8th December [normally i take position 40 - 45DTE] Trade: iron condorStrikes: sold 74.5 Ce and 73.5 PE [Jan 21 expiry]Hedge: bought 75.5Ce and 72.5PE [Jan 21 expiry]qty: for illustration shown 100 lots..margin needed : 1,81,000(2/4)](https://pbs.twimg.com/media/EpXorCYUYAAwVuS.jpg "Entry Date: 8th December [normally i take position 40 - 45DTE] Trade: iron condorStrikes: sold 74.5 Ce and 73.5 PE [Jan 21 expiry]Hedge: bought 75.5Ce and 72.5PE [Jan 21 expiry]qty: for illustration shown 100 lots..margin needed : 1,81,000(2/4)")
Trade: iron condor
Strikes: sold 74.5 Ce and 73.5 PE [Jan 21 expiry]
Hedge: bought 75.5Ce and 72.5PE [Jan 21 expiry]
qty: for illustration shown 100 lots..
margin needed : 1,81,000
(2/4)
This is how pay off graph looks:
Risk reward: little under 1:1 [good for iron condors]
Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed.
how to adjust: refer my video on youtube
(3/4)
![This is how pay off graph looks:Risk reward: little under 1:1 [good for iron condors]Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed. how to adjust: refer my video on youtube (3/4)](https://pbs.twimg.com/media/EpXpvGcUcAAtK6V.png "This is how pay off graph looks:Risk reward: little under 1:1 [good for iron condors]Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed. how to adjust: refer my video on youtube (3/4)")
![This is how pay off graph looks:Risk reward: little under 1:1 [good for iron condors]Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed. how to adjust: refer my video on youtube (3/4)](https://pbs.twimg.com/media/EpXsARMU8AAmU7i.png "This is how pay off graph looks:Risk reward: little under 1:1 [good for iron condors]Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed. how to adjust: refer my video on youtube (3/4)")
Risk reward: little under 1:1 [good for iron condors]
Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed.
how to adjust: refer my video on youtube
(3/4)
Current status: date 16th December
strategy in profit of 7,400 which is approx 4 % return on margin.
when to book ? typically when we get 7 -8% we can book part and tighten the hedge for balance..
lets watch how this closes - will update here
@jitendrajain @yogeeswarpal
(4/4)
strategy in profit of 7,400 which is approx 4 % return on margin.
when to book ? typically when we get 7 -8% we can book part and tighten the hedge for balance..
lets watch how this closes - will update here
@jitendrajain @yogeeswarpal
(4/4)
