Thursday 6 October 2016

SBIN CONDOR STRATEGY FOR OCT 2016

"BUY SBIN 255 CE @ 11"
"SELL SBIN 260 CE @ 8"
"SELL SBIN 265 CE @ 5.8"
"BUY SBIN 270 CE @ 4"


PAY OFF TABLE - :

Strike price
call option
Strike price
call option
Strike price
call option
Strike price
call option
closing price
profit from I
profit from IV
loss from II
loss from III
gross return
payoff
255
11
260
8
265
5.8
270
4
250
0
0
0
0
0
-3860
255
11
260
8
265
5.8
270
4
251
0
0
0
0
0
-3860
255
11
260
8
265
5.8
270
4
252
0
0
0
0
0
-3860
255
11
260
8
265
5.8
270
4
253
0
0
0
0
0
-3860
255
11
260
8
265
5.8
270
4
254
0
0
0
0
0
-3860
255
11
260
8
265
5.8
270
4
255
0
0
0
0
0
-3860
255
11
260
8
265
5.8
270
4
256
3000
0
0
0
3000
-860
255
11
260
8
265
5.8
270
4
257
6000
0
0
0
6000
2140
255
11
260
8
265
5.8
270
4
258
9000
0
0
0
9000
5140
255
11
260
8
265
5.8
270
4
259
12000
0
0
0
12000
8140
255
11
260
8
265
5.8
270
4
260
15000
0
0
0
15000
11140
255
11
260
8
265
5.8
270
4
261
18000
0
3000
0
15000
11140
255
11
260
8
265
5.8
270
4
262
21000
0
6000
0
15000
11140
255
11
260
8
265
5.8
270
4
263
24000
0
9000
0
15000
11140
255
11
260
8
265
5.8
270
4
264
27000
0
12000
0
15000
11140
255
11
260
8
265
5.8
270
4
265
30000
0
15000
0
15000
11140
255
11
260
8
265
5.8
270
4
266
33000
0
18000
3000
12000
8140
255
11
260
8
265
5.8
270
4
267
36000
0
21000
6000
9000
5140
255
11
260
8
265
5.8
270
4
268
39000
0
24000
9000
6000
2140
255
11
260
8
265
5.8
270
4
269
42000
0
27000
12000
3000
-860
255
11
260
8
265
5.8
270
4
270
45000
0
30000
15000
0
-3860
255
11
260
8
265
5.8
270
4
271
48000
3000
33000
18000
0
-3860
255
11
260
8
265
5.8
270
4
272
51000
6000
36000
21000
0
-3860
255
11
260
8
265
5.8
270
4
273
54000
9000
39000
24000
0
-3860
255
11
260
8
265
5.8
270
4
274
57000
12000
42000
27000
0
-3860
255
11
260
8
265
5.8
270
4
275
60000
15000
45000
30000
0
-3860
255
11
260
8
265
5.8
270
4
276
63000
18000
48000
33000
0
-3860
255
11
260
8
265
5.8
270
4
277
66000
21000
51000
36000
0
-3860


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