On Jun 23rd, I sold nifty index 50 strikes expiring on July 1st which meant that time to expiry was more than a week. Higher the time to expiry, higher the premium. But it was not the time that made me take positions in advance. The reason was volatility. If you will see intra-day Bollinger bands on Jun 23rd, they were quite stretched out.
So I sold OTM strangle from Jun 23 to Jul 1 whose daily candles were like this:
Here are the results:
|Net Profit (after deducting brokerage)||Capital deployed (approx)||Week’s ROI||Annualized ROI for this week||Total no. of weeks traded till today||Average CAGR till today|
|Rs. 7,232.3||Rs. 6,32,134||1.144%||80.68%||3||51.61%|
Where annualized ROI for week = ((1+week’s return in decimal)^52)-1)*100
The following is breakdown of week’s positions:
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