View: Range, par risk ek taraf jhuka hua. Poora teaching Lesson 24, Iron condors & butterflies: income from calm mein hai. Yeh page reference card hai.
Illustration, not a recommendation. The strikes and premiums on this page are fixed teaching figures, not live quotes, and no strategy suits every account or every market. Read the full disclaimer.
Market upar rahe ya neeche kisi level ke paas pin ho jaye, aur aapko aisa dhaancha chahiye jismein jis side par bharosa hai wahan risk zero ho aur sirf us side par tay risk ho jisse darr lagta hai.
Position kaise banti hai
Put side, canon strikes se: 24,900 PE ₹100 par kharido, do 24,800 PE ₹90 ke bhaav par becho, 24,600 PE ₹40 par kharido. Alag alag wings (100 aur 200 point) classic butterfly ke debit ko ₹40 per unit ke net credit (₹2,600) mein badal dete hain.
Entry se pehle ke numbers
24,900 ke upar: ₹2,600 ka credit aapka; upar wali taraf par risk zero
Halka long delta, long theta, short vega: ek kiraya jama karne wali position jiska payoff diagram jaan bujh kar ek taraf jhuka hua hai.
Sach mein kya expect karein
Imaandar pitch: ₹2,600 lekar aisi position rakhna jo tab tak gawa hi nahi sakti jab tak NIFTY lagbhag 1.4% na gire, aur wall par pin ho jaye to upar se bonus. Seedhi credit spread ke muqable sauda yeh hai ki ismein pecheedgi zyada hai aur fill kharab (chaar legs ka toll). Sabse kaam ka tab jab aap waise bhi put spread bechne wale the aur pin ka bonus saath chahiye.
Position sambhalne ke rules
Ise ek credit spread plus bonus ki tarah chalao: wahi 50 se 60% par profit lena, wahi farsh tootne par exit
Shikhar bonus hai, plan kabhi nahi; uske peeche expiry tak mat baitho
Entry se pehle chaaron legs ki liquidity dekho; toll chaar guna ho jaata hai
Doosri strategies ke saath
Yeh woh iron condor hai jisne bharose wali side hata di: bullish hafton mein call side ka risk neeche extra credit ban jaata hai
Iron butterfly ke saamne yeh asamaan rebuild hai: wall par wahi pin ka tark, par ek side ka risk engineer karke hata diya gaya
Iska imaandar batwara hai ek put credit spread plus ek pin bet: un do hisson ka alag alag bhaav lagao aur entry khud ko jaanch leti hai
OI walls aur gamma ka naksha (Lesson 15 aur 27) becha jaane wala strike chunte hain: shikhar bheed ke farsh par hona chahiye, jahan pinning ki physics sach mein chalti hai
Aam galtiyan
Credit ke liye ise bana lena bina yeh dekhe ki risk kis side par hai
Mote shikhar ke liye beche jaane wale strikes ko expected move ke andar rakh dena
Chaar illiquid legs se ladna aur apna edge spread ke toll mein daan kar dena