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.
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Aapko kya maanna padega

NIFTY ek strike ke bahut paas khatam ho (yahan 25,000). Yeh range wali bet nahi, parking wali bet hai: condor se dugni credit, uski ek tihai jagah mein.

Position kaise banti hai

25,000 ka straddle becho (CE ₹120 + PE ₹110), aur 24,600 PE (₹40) aur 25,400 CE (₹25) ke wings kharido. Net credit ₹165 per unit: ₹10,725 per lot.

Iron butterfly: short 25,000 straddle, wings 24,600 / 25,400 (credit ₹165)+₹9,009−₹2,275−₹13,559₹0 · break even line24,30024,65025,00025,35025,700NIFTY at expiryBE 24,835BE 25,165worst case −₹15,275−₹15,275

Entry se pehle ke numbers

  • Max profit: ₹10,725, theek 25,000 par, aur dono taraf tezi se ghatta hua
  • Max nuksan: ₹15,275, kisi bhi wing ke paar
  • Breakevens: 24,835 aur 25,165: 330 point ka tambu
  • Margin: cap kiye hue nuksan ke aas paas

Greeks ka profile

Defined-risk parivaar ka sabse short-gamma aur sabse long-theta dhaancha. ATM shorts chain ki sabse moti premium lete hain aur drift ka har point mehsoos karte hain.

Sach mein kya expect karein

Apni poori credit lagbhag kabhi nahi milti; asli khel yeh hai ki spot strike ke paas tehal raha ho tab thoda hissa kaat lo. Ise condor se zyada pakke saboot chahiye: OI aur gamma ke naksha se aaya hua pin ka ummeedwar, sirf ek shaant chart nahi.

Position sambhalne ke rules

  • Credit ka ek tihai se aadha target rakho, shikhar nahi
  • Spot tambu se bahar jaate hi nikal jao; is dhaanche ke paas beech ka raasta hai hi nahi
  • Iski size barabar wale condor se chhoti rakhni chahiye, badi nahi

Doosri strategies ke saath

  • Condor wahi dhaancha hai jismein saans lene ki jagah hai: dono ke beech switch karna usi mool view par credit aur aaram ko tune karna hai
  • Calendar ulti vega wali pin bet hai: ooncha IV rank ho to butterfly, neecha ho to calendar, aur strike ka tark dono mein OI ke naksha se aata hai
  • Pin ka saboot Lesson 26 aur 27 se aata hai: sabse ooncha positive gamma bar aur sabse bhaari OI wala strike hi tambu ka khamba chunte hain
  • Broken wing wala rebuild us side ko hata deta hai jiska darr sabse kam hai: ek wing door sarkao aur butterfly us taraf par kuch risk lena hi band kar deta hai (agla card)

Aam galtiyan

  • Credit ke lalach mein condor ki jagah ise chunna aur 330 point ke tambu ko nazarandaz karna
  • Poori credit ke liye pakde rehna; woh shikhar ek hi bhaav par ek hi pal ke liye hota hai
  • Bina pin ke saboot ke pin par bet lagana: shaant hafta parked market nahi hota
Education only. Not investment advice. Options Gyan is not SEBI registered and recommends nothing: no tips, no calls, no telegram group, free forever. F&O trading involves a substantial risk of loss, and selling options can lose you more than you put in. Read SEBI’s risk disclosure before trading.
Prices, lot sizes and expiry days in the lessons are illustrative teaching figures, not live quotes: confirm the current ones with your broker. Not affiliated with NSE, BSE, SEBI or any broker. NIFTY is a trademark of NSE Indices Ltd.