SURESH KUMAR

@Suresh_kumar047

6 Tweets • 2023-02-25 •  See on Twitter

rattibha.com 

***231 Butterfly Deploy and Adjustment ***

My 50% of profit and winning will come only from this

strategy .. Risk is very minimal and reward is good .

Now BN is at 39900 levels :-

If your view is bearish Deploy this 231 Put butterfly

Risk is - 3%
Reward is - 17%

No over night risk because no open positions on down

side .

When to deploy:-
1. If your view is directional then deploy.

2. If your view is side ways also you can deploy and

adjust as per market movement.

3. Irrespective of VIX condition we can deploy this

strategy.

Here will explain adjustment for this trade.

--> My view is bearish so I deployed this put 231

butterfly.

--> If my view is correct and market come to my

direction i won't do anything until 39000 levels.
--> If market break 39000 levels will move 39000 pe to
39100 pe so that will convert broken wing butterfly
down side loss will become zero.

--> If my view went wrong will move 39500 pe sell legs

to 39600 pe then up side loss will be reduce.

--> For bullish view also we can do same strategy with

call strikes with same adjustments.

If your view is neutral you can deploy 121 butterfly .

If your view is slightly directional you can deploy 132

Butterfly.
In Nifty 1 week ago deployed this 121 Put butterfly as
a bearish view in my account.

If you have extra capital you can play like anything

with this butterfly.

One of my most successful strategy is butterfly only.

Keep Learning and Keep Growing

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