View: Directional income. Poora teaching Lesson 22, Vertical spreads: defined risk, defined reward 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 expiry tak ek level se door rahe: farsh ke upar (bull put spread) ya chhat ke neeche (bear call spread). Aapke khilaaf ek pakke move ke alawa kuch bhi ho, pura paisa milta hai.
Position kaise banti hai
Bull put spread: 24,800 PE ₹90 par becho, 24,600 PE ₹40 par kharido: credit ₹50 (₹3,250). Bear call spread: 25,200 CE ₹55 par becho, 25,400 CE ₹25 par kharido: credit ₹30 (₹1,950). Dono chain ke canon walls par beche gaye.
Entry se pehle ke numbers
Max profit: credit: ₹3,250 (put side) ya ₹1,950 (call side)
Max nuksan: chaudai minus credit: kramash ₹9,750 aur ₹11,050
Margin: tay max loss ke aas paas, nange short ke ₹1 se ₹1.5 lakh ka lagbhag dasva hissa
Greeks ka profile
Bechi hui taraf ki ore halka delta, short gamma, long theta, short vega. Kiraya jama karne wala parivaar: shaant din kamane wale din hote hain.
Sach mein kya expect karein
0.25 delta wale shorts par lagbhag 70 se 75% win rate, jismein lagbhag 1 kamane ke liye lagbhag 3 daanv par lagta hai. Sahi pricing par expected value lagbhag zero se shuru hoti hai; edge is baat se aana chahiye ki aap kahan bechte ho (walls aur support ke peeche) aur kab (ooncha IV rank). Jeet ka silsila nahi, expectancy track karo.
Position sambhalne ke rules
Max profit ke 50 se 60% par band karo; nigrani ki jagah aage laga do
Credit ke dugne nuksan par, ya short strike chhoo jaane par nikal jao
Expiry wale din spot short strike ke paas ho to kabhi mat ruko: woh gamma wala sikka hai
Doosri strategies ke saath
Dono side ek saath hi iron condor hai: put spread aur call spread ek hi ticket par, dono walls se kiraya (Lesson 24)
Kam IV par wahi raay debit spread hai: Lesson 19 ka master switch batata hai ki is hafte kaun sa parivaar banta hai
Door wali taraf ek backspread credit ka kuch hissa tail insurance par kharch kar deta hai: income ke saath crash ka airbag, un logon ke liye jinhe gap se darr lagta hai
Yeh cash-secured put ka defined-risk understudy hai: wahi intezaar ke paise wala tark, bees guna kam capital par, bas ant mein shares nahi milte
Aam galtiyan
Chillar ke liye credit bechna: ₹190 ki chaudai par ₹10 lena 95% win rate par bhi gawata hai
Tooti hui spread ko pakad kar ummeed karna; tay nuksan adhikatam hai, target nahi
Dono taraf sirf boredom mein bechna, na ki tab jab IV rank uske paise de raha ho