Sensex Expiry Hero-Zero: The Weekly expiry of one of the Indian Stock Market Index “Sensex” happens every week on Friday. This Expiry the index had great opportunities for option buyers, we will share an option strike price that turned the traders money into 6x within 25 minutes.
Sensex Expiry Hero-Zero Strike Price
The strike price we are talking about is SENSEX 28JUL23 66000 CE. You can see that market went downside for almost whole day and the price of SENSEX 28JUL23 66000 CE made a low of 39.40 at 2:40 PM. After that the price went up fast and made a high of 237.75 at 03:15 PM.
If you are option trader, then you would easily understand that how rewarding this trade went in just 25 minutes.
SENSEX 28JUL23 66000 CE 600% ROI in 25 Minutes
Say for example, if you would have bought just one lot at 40, you invested 400 Rupees and if we calculate returns on exit at 230, then your investment of 400 becomes around 2400 which is more than enough for an option buyer.
Rules to follow for Hero-Zero
Please note that, Hero-Zero trade means either your invested amount becomes 2x 3x or so on which you can book by trailing the SL or it becomes Zero.
So before putting in your money for a Hero-Zero Trade, be psychologically prepared and only trade with the amount you can bear to loose.
Conclusion
I hope you like this observation of mine in today’s Sensex Expiry. Try to identify these movements in the market if you are an option trader, this will improve your trading skills.
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Disclaimer: Investment in Derivatives and Securities Markets are subject to market risks, please consult your financial advisor before making any kind of trade or investment.
