Iron Condor

Aapko kya maanna padega

NIFTY expiry tak walls ke beech rahe: na trend, na jhatka, na khidki ke andar koi event. Aap movement ke khilaaf ek chhoti insurance company chala rahe ho.

Position kaise banti hai

Canon OI walls par 24,800 PE (₹90) aur 25,200 CE (₹55) becho; wings ki tarah 24,600 PE (₹40) aur 25,400 CE (₹25) kharido. Net credit ₹80 per unit: ₹5,200 per lot.

Entry se pehle ke numbers

• Max profit: ₹5,200, 24,800 aur 25,200 ke beech kahin bhi
• Max nuksan: ₹7,800, kisi bhi wing ke paar
• Breakevens: 24,720 aur 25,280: 560 point ki profit zone
• Margin: cap kiye hue nuksan ke aas paas, nangi strangle ke ₹2 lakh ka ek hissa

Greeks ka profile

Entry par delta-neutral, short gamma, long theta, short vega: strangle wala engine, par seatbelt kasa hua.

Sach mein kya expect karein

₹7,800 ke saamne ₹5,200 lene ke liye breakeven par bhi 60% win rate chahiye; walls aur delta par rakhna lagbhag 70 se 75% ka ishara deta hai. Edge asli hai, patla hai, aur kharab discipline use pura kha sakta hai. Pure nuksan is dhandhe ka tay kharcha hain, koi jhatka nahi.

Position sambhalne ke rules

• Max profit ka 50 se 60% le lo aur aage laga do
• Short strike khatre mein aate hi kuch karo: band karo, bina khatre wali taraf ko andar roll karo, ya poora aage roll karo, aur yeh chunav entry se pehle ho
• Size aisi lo ki pura ₹7,800 ka nuksan boring lage; woh apne schedule par aayega hi

Doosri strategies ke saath

• Yeh sach mein do credit spreads hai: dono side alag alag sambhalo, aur ek taraf khatre mein aane par bina khatre wali spread ko andar roll karke extra credit lo
• Iron butterfly wahi trade hai jo pin par bet lagata hai: saboot "parked" kahe, sirf "ranged" nahi, tabhi uspar switch karo
• Calendar iska ulti-vega wala judwa hai: ooncha IV rank ho to condors, neecha ho to calendars, aur har mausam ke liye ek hi range toolkit
• GEX ka flip level (Lesson 27) iska daur wala alarm hai: uske paar band hona matlab jo hedging physics aapki walls bacha rahi thi usne side badal li; short-premium exits wahin chalte hain

Aam galtiyan

• IV rank dekhe bina har hafte bech dena; trade na karne wale hafte bhi ek position hain
• Moti credit ke liye strikes ko expected move ke andar kheench lena
• Pehle ₹5,200 bachane ke liye baar baar adjust karte karte teen guna risk le lena