** Batman Strategy for Intraday and Positional with adjustments**
-> Many successful traders are using this strategy . They call different name but strategy is same. We can use this strategy for intraday and positional also.
-> This Strategy will work excellent on expiry day .
-> It will work on low vix or high vix market also.
Now bank nifty closing Spot is :- 40990
Buy 1 call 200 points above the spot and sell 3 calls 700 points above the spot.
Buy 1 put 200 points below the spot and sell 3 puts 700 points below the spot.
41200 ce 1 lot buy
41700 ce 3 lots sell
40800 pe 1 lot buy
40300 pe 3 lots sell
If your carrying for positional buy hedges and exit hedges next day morning it is depends on individuals.
Adjustments:-
If market is trading between both call buy and put buy range i.e40800 to 41200range don't do any adjustment. You will end up with profits.
Case 1:- If market reach to call buy position 41200 by that time you will be in profit in Put buy and sell legs.
You can book profit in that legs and buy hedges call side and convert 1:3:2 butterfly . If market reverse after making 1:3:2 butterfly simply sell extra calls above this butterfly.