| Leg | Trade | Option | Lots | Strike |
|---|---|---|---|---|
| L1 | BUY | PUT | 1x | ATM - 4 |
| L2 | SELL | PUT | 1x | ATM |
| L3 | SELL | CALL | 1x | ATM |
| L4 | BUY | CALL | 1x | ATM + 4 |
ATM - 4ATMATM + 409:2015:15| Preset | Entry | Strikes | ||
|---|---|---|---|---|
| Fuchsia | atm | 09:20 | ATM - 5 ATM ATM + 5 |
| Preset | Exit | SL | TP | |
|---|---|---|---|---|
| Firebrick | 15:15 | 0 % | 0 % | |
| Firebrick | 15:15 | 20 % | 0 % | |
| Firebrick | 15:15 | 0 % | 20 % | |
| Firebrick | 15:15 | 20 % | 20 % | |
| Firebrick | After 14:30 15:15 | 20 % | 20 % |
Sell an ATM call and put while buying OTM wings to profit from low volatility.
Outlook : Neutral, expecting low volatility
Profit : Limited to the net credit received
Loss : Limited to the distance between the sold strike and either wing minus credit