19th aug - 24th aug 2016
TRANSCRIPT
Weekly Option Spread Trade
Short Call & Put Ratio (Strangle Front spread) Bank Nifty Index Spread
19th to 24th August 2016
• Bank Nifty has high low range on weekly bars and 5 bar ATR around 490-650 range
• We can use 600 range as a guide to implement weekly expiry option spread trade
Short Term Technical Analysis (Trade Management)
• Implemented a put front spread
• Legged into a call front spread
• Overall position was strangle front spread
Review
• I banked on the credit I received
• It was a good trade
• Only error I made was exiting the position i.e. timely exit was alright but clerical/order entry error was made by me
• I should improve my order execution efficiency
• Overall It was a great trade and I should make more of these when market is in a range
• Over to next expiry next week