Nifty moved up 175 points yesterday to close the May 2020 F&O series at 9490.10. Even with the gain of 475 points over last two days, May series ended up lower than the 9859.90 on April 30, 2020.

The fall was due to mainly financials and the gain over last two sessions was also in that sector.

The big gain yesterday did nothing for our trades. The gain in stock futures got cancelled by the loss in NIFTY futures and we remain where we were yesterday.

While we shall be watching the progress of this set up, the one with options ( about 2% away but near the spot price in some cases in view of liquidity ) was feasible like this.

Not So Lazy :

Let us see how much of this initial credit finally remains with us.

Stay lazy, stay happy.

Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.