SHORT STRADDLE to Capture IV (Implied Volatlity)

Bank Nifty Option Chain on Budget Day 1/Feb./2023


Option Selling – Short Straddle Strategy to capture Theta from Spiked Option Price due to on rise in Volatility in anticipation and uncertainity on Budget Day.

Position Taken for Short Straddle

Calendered Iron Fly for Theta Capture

Budget Day Trading Strategies

Huge IV in BankNifty Options on Budget day would give opportunity to capture the profits.

Check the Option Greeks to see the Theta Value lying in these option strikes.

Calendar Spread : Short Weekly Strangle and Long Monthly Straddle


Below Snapshots are of the last Year (2022 Budget Day Trading)

Option Strategies to trade for Budget Event.
Selling Weekly Straddle and Buying double quantity in Monthy Straddle at Same Strike Price and time.

Disclaimer: This is purely for educational purpose, its not a trading/investment advice. Kindly consult your financial advisor before taking any investment/trading decision.


Bank Nifty Options Strategy:

Add 2 Lots of  24FEB2022  37800CE  – ₹ 1170.2   

Add 2 Lots of  24FEB2022  37800PE  – ₹ 1181.5   

Sell 1 Lot of 03FEB2022  37700CE   – ₹ 695.85   

Sell 1 Lot of  03FEB2022  37700PE  – ₹ 674   

Options Strategy for Budget Day Trading

By Pankaj

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