Narrow Wing IC

Options Advanced NIFTY Options BANKNIFTY Options Stock Options

Neutral - Tight Range-bound Market

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Quick Reference

Strategy Type Narrow Wing Iron Condor
Market Outlook Neutral - Tight Range-bound Market
Risk Profile Higher Risk (Defined but Larger Max Loss)
Reward Profile Higher Premium Collection
Time Horizon 1-3 weeks
Capital Requirement Medium
Margin Type SPAN + Exposure
Best Used When High conviction in tight range, want maximum premium extraction

When to Use This Strategy

High conviction in tight range, want maximum premium extraction

India-Specific Notes

Lot Sizes

NIFTY 25 units per lot
BANKNIFTY 15 units per lot
Stock Options Varies by stock

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