NIFTY | RSI mild negative divergence | Doesn't looks bullish not a great time to short too. Expecting some range bound this week.
Lets try Short straddle with hedge it becomes Iron Fly - 17/12/2020 Expiry - Credit Statergy - Defined and good risk reward
CMP : 13513
Sell 13500 PE @ 101 Sell 13500 CE @ 108
Buy 13300 PE @ 37 Buy 13700 CE @ 36
Premium collecting : Rs.209/- Insurance : 73/-
Max Loss : Rs.4815/- Max Profit : Rs.10110/-
1) No adjustment required if ready to accept this small loss of 4815/- 2) Margin required approx 62000/- 3) While exiting in between should exit from all the positions