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Recommended Strategy:
Strategy: Nifty Short Strangle
Expiry: 20FEB 2025
Strike Prices: Sell 22,500 Put and Sell 23,700 Call
Net Premium Inflow: 46
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Stop Loss: 90
Target: Entire Premium Inflow
Rationale:
Market is likely to remain range-bound in the near term, adhering to the levels established over the past two weeks.
The key reference points for Nifty are: Support at 22,750 and Resistance at 23,800.
Given the current range-bound nature of the market, a Short Strangle strategy is an ideal choice to capitalize on time decay (Theta decay).
This strategy is profitable if the market remains in a tight range, benefiting from both volatility contraction and Theta decay.
(Disclaimer: Sahaj Agrawal, is senior vice president, head of derivatives research at Kotak Securities. Views expressed are his own.)
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