Adjustment Scenario Strategy for Future + ATM CALL/PUT

 Initial Strategy

After Adjustment 

Bull/Bear call spread adjustment

 Initial strategy

Buy ATM call 

Sell OTM Call

Example 1

Adjustment

Sell ATM+1 Call

Buy OTM+ CALL

Example 2

After adjustment

MODIFIED BULL CALL & BEAR PUT SPREAD

 

BUT ATM CALL/PUT 1 LOT

SELL ITM PUT/CALL 1 LOT

SELL ITM CALL/PUT 1 LOT

ONLY FOR INDEX : UNLIMITED RISK AND LIMITED REWARD

TIME: START OF THE MONTH/MIDDLE OF THE MONTH

WE CAN CONVERT THIS BY CLOSING OTM PUT/CALL AND CREATE ONE MORE SE

AFTER ADJUSTMENT

Butterfly Adjustment

 

After Adjustment