@sanjibchak@dtbhat@ap_pune Hi Sanjib
Thanks. That is why I corrected Bhat that this is Zebra
As you pointed long Synthetic future is long atm call and short atm put and has undefined risk due to naked put short
Zebra is defined risk on downside to extent of net debit and unlimited upside like futures
@dtbhat Thanks Saar
This is called the Zebra Strategy
(Zero Extrinsic Back Ratio)
We are buying 2 75 delta calls and shorting 1 50 delta call to get a 100 delta exposure
In India not much liquidity in far months but in US I do this with 6 months to expiry and works fine
I want to address a recent post I made that copied @KobeissiLetter’s work without attribution.
Yesterday, I made a post that copied @KobeissiLetter's "Conflict Playbook" word-for-word, a clear violation of copyright law. After receiving legal notice from The Kobeissi Letter, I have deleted the post.
That was a mistake, and I will not be doing it again.
Full credit to @KobeissiLetter for the original content, I highly recommend following them for their analysis.
I spent years reading Indian equity markets professionally and found that us (retail) traders had access to enormous amounts of data — but very little structured intelligence.
That’s why i built #StratLab, I started building for myself, and then decided to open up
do check it out !!!