IRON CONDOR ANALYSIS

• Sun, Feb 26, 2023
• 2-minute read

Criteria

• Captured on 24th February (Friday Post Market)
• Chosen strike = (Nifty Spot + Nifty Future)/2
• Trade : 200 pts PE Sell + 200 pts CE Sell
• Hedge : 400 pts PE Sell + 400 pts CE Sell

Strikes

• 
• Here Strike Chosen is “17500”.
• Trade : 17300 PE & 17700 CE.
• Hedge : 17100 PE & 17900 CE.

02 Mar Expiry - 6 Days to Expiry

• POP : 60%
• Ratio
  • 3.3 : 1
  • -7742 : +2258
• Breakeven : 17255 - 17745
• Margin Required : 50,000/-

09 Mar Expiry - 12 Days to Expiry

• POP : 51%
• Ratio
  • 1.4 : 1
  • -5848 : +4152
• Breakeven : 17217 - 17783
• Margin Required : 49,000/-

16 Mar Expiry - 19 Days to Expiry

• Hedge Chosen 100 points less as there was not liquidity.

• POP : 46%

• Ratio

  • 1.38 : 1
  • -8742 : +6258

• Breakeven : 17175 - 17825

• Margin Required : 54,617/-

23 Mar Expiry - 26 Days to Expiry

• POP : 40%
• Ratio
  • 0.76 : 1
  • -4322 : +5678
• Breakeven : 17187 - 17813
• Margin Required : 55,793/-

30 Mar Expiry - 33 Days to Expiry

• POP : 38%
• Ratio
  • 0.57 : 1
  • **-3638 : +6362
• Breakeven : 17173 - 17827
• Margin Required : 47,647/-