MAV Option Stratagies 2 : Modified Protective Put/ Call for Bearish/Bullish

 Applicable: It is applicable for only INDEX

Type: Bullish/ Bearish

Execution Time: Start of the month 1000 points different / middle of the month ~500 points

Risk:  Limited 

Profit:Limited

Execution: Buy 1 ATM CALL / SELL 1 OTM CALL /SELL 1 OTM  PUT

Example :  Bullish

Adjustment can be made by closing OTM put and convert that into noloss or zero loss startegy

Execution: Buy 1 ATM PUT / SELL 1 OTM PUT /SELL 1 OTM CALL

Example :  BEARISH