InvestorQ : What should be the Budget strategy in bank nifty for February expiry?
NISHA Nayak made post

What should be the Budget strategy in bank nifty for February expiry?

Answer
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1 year ago
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The appropriate strategy would be Bank Nifty Iron Condor Spread. Under this Strategy buy 1 lot Bank Nifty 30000PE, Buy 1 lot Bank Nifty 32000CE, Sell 1 lot of Bank Nifty 29000PE & sell 1 lot Bank Nifty 32500CE.

What is Long Iron condor spread?
It is a four-part strategy consisting of a bear put spread and a bull call spread under which the strike price of the long put is lower than the strike price of the long call. This strategy is best when you expect the underlying assets to move sharply higher or lower, but you are not sure about the direction.

Source: IIFL securities.
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