Thread by @yogeshnanda1

Thread on USDINR Trading:
Part of my capital i trade in USDINR - non-directional.
Past few months it traded in very narrow band - which is paradise for non-direction trading.
check chart.. last 3 months in just 2 Rs. Range
Today will share my December 2020 trade in USDINR

(1/4)

Entry Date: 8th December [normally i take position 40 - 45DTE]
Trade: iron condor
Strikes: sold 74.5 Ce and 73.5 PE [Jan 21 expiry]
Hedge: bought 75.5Ce and 72.5PE [Jan 21 expiry]

qty: for illustration shown 100 lots..
margin needed : 1,81,000

(2/4)

This is how pay off graph looks:

Risk reward: little under 1:1 [good for iron condors]

Adjustments: we are covered for 1 Rs on both sides. but in case of drastic move adjustments will be needed.

how to adjust: refer my video on youtube

(3/4)

Current status: date 16th December

strategy in profit of 7,400 which is approx 4 % return on margin.

when to book ? typically when we get 7 -8% we can book part and tighten the hedge for balance..

lets watch how this closes - will update here
@jitendrajain @yogeeswarpal
(4/4)

USDINR trade update:
We are right at the centre..

strategy in profit of 9350 almost 5% return...
no adjustments yet..
#USDINR

USDINR update:
strategy in profit 11300 6% almost
I like lazy instruments like me.. 😆

USDINR update:
strategy in profit almost 6.5% + ..
book half and carry balance .. no adjustment yet.

USDINR update:
Strategy in profit of 7.5% on margin
No adjustment yet - holding 50% of original qty.

USDINR Adj 1:
exit from 74.5CE and Sell 73.75CE [30%-40% extra quantity]

Note: if you cover 50 lots of 74.5CE sell 70 lots of 73.75CE

USDINR update:
7.3% return so far.. will wait for few more days..

USDINR Update: Closing Trade
closing this trade for 8.25% return.
still there is no risk and we can get 2-3% more in next one week.