Jade Lizard

Advanced Condor Strategies Advanced NIFTY BANKNIFTY FINNIFTY Stock Options

Bullish to Neutral - want stable or rising prices

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Quick Reference

Strategy Type Hybrid - Bullish Short Premium with Upside Protection
Market Outlook Bullish to Neutral - want stable or rising prices
Risk Profile No/Minimal Upside Risk (if credit ≥ width), Substantial Downside Risk
Reward Profile Maximum Credit Received when price between put and short call
Time Horizon Weekly (5 days) or Monthly (21-30 days)
Capital Requirement SPAN margin Rs.60,000-80,000 per lot
Best Used When Bullish bias in elevated IV environment, want strangle-like income without upside blow-up risk

When to Use This Strategy

Bullish bias in elevated IV environment, want strangle-like income without upside blow-up risk

India-Specific Notes

Lot Sizes

Stock Options Varies (check NSE)

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