Bear Put Spread Strategy in Hindi
(BUY PUT, SELL PUT)
Bear Put Spread Strategy in Hindi : In the Previous Post, we have learn about Bull Put Spread Option Strategy. Today, we are going to learn about Bear Put Spread Strategy with live Example of Nifty. Nifty is trading at 25230 Today. And we are going to make Bear Put Spread Between 25300 PUT and 25200 Put of 5th September 2024 Expiry. The Bear Put Spread is a bearish options trading strategy that involves buying a higher strike put option and selling a lower strike put option, both with the same expiry date. This strategy is used when a trader expects a moderate decline in the price of the underlying asset.
Bear Put Spread Option Strategy Example
Lets understand Bear Put Spread Strategy with the help of this Example: Nifty is Trading around 25230 on 30th August 2024 and we are choosing the Expiry of 5th September 2024. Mr. Khan is Moderately Bearish with the Market and Believes that Nifty will not go below the 25200 Level on this Expiry. So, He Enters in a trade by making a position of Buying a ATM put option of 25300 strike Price and Pays the Premium of 150 Points and at the same time selling an OTM Put Option of 25200 strike price of the Same Expiry and receives the premium of 100 points.
In This Trade, he is Paying the Premium of 150 points and Receving the premium of only 100 points. Net Paying is 50 Points. And that is the Maximum loss for this Trade. While 50 Points is the Maximum Profit he can have at expiry.
Nifty Trading Scenario:
- Nifty Price: 25,230
- Expiration Date: 5th September
Components of the Strategy:
- Buy a Higher Strike Put Option: For example, buy a 25,300 strike put option at 150
- Sell a Lower Strike Put Option: For example, sell a 25,200 strike put option at 100
How It Works:
- Buying the Higher Strike Put: This gives you the right to sell Nifty at 25,300, benefiting if the Nifty price falls below this level.
- Selling the Lower Strike Put: This obligates you to buy Nifty at 25,200, capping your profit but reducing the cost of the strategy.
| Nifty Spot Price: | 25230 |
| Lot size | 25 |
| Expiry | 5th September 2024 |
| Nifty 25300 Strike Price ATM | Premium Paid : 150 points |
| Nifty 25200 Strike OTM | Premium Received : 100 points |
| Break Even Point | 50 Points |
| Net Premium Paid | 50 Points |
| Maximum Loss | 50 Points |
| Maximum Reward | 50Points |
PAY OFF TABLE
| On expiry Nifty Closes at | Net Payoff from PUT Sold(Rs.) | Net Payoff from PUT Buy (Rs.) | Net Payoff (Rs.) |
| 25000 | -100 | 150 | 50 |
| 25050 | -50 | 100 | 50 |
| 25100 | 0 | 50 | 50 |
| 25150 | 50 | 0 | 50 |
| 25200 | 100 | -50 | 50 |
| 25250 | 100 | -100 | 0 |
| 25300 | 100 | -150 | -50 |
| 25350 | 100 | -150 | -50 |
| 25400 | 100 | -150 | -50 |
| 25450 | 100 | -150 | -50 |
| 25500 | 100 | -150 | -50 |
बियर पुट स्प्रेड रणनीति हिंदी में
Bear Put Spread Strategy in Hindi : बियर पुट स्प्रेड रणनीति एक bearish options trading strategy है, जिसमें एक higher strike put option (ATM)को खरीदना (BUY PUT) और एक lower strike put option (OTM) को बेचना (SELL PUT) शामिल होता है। इस रणनीति का उपयोग तब किया जाता है जब ट्रेडर को उम्मीद होती है कि underlying asset की कीमत में moderate गिरावट होगी।
Bear Put Spread Option Strategy का उदाहरण
मान लीजिए, Nifty 30 अगस्त 2024 को 25,230 पर ट्रेड कर रहा है और हम 5 सितंबर 2024 की expiry को चुन रहे हैं। Mr. Khan का मानना है कि Nifty इस expiry पर 25,200 से नीचे नहीं जाएगा।
इसलिए, वह Bear Put Spread Strategy का उपयोग करते हुए एक trade में प्रवेश करते हैं:
- ATM Put Option खरीदना: Mr. Khan 25,300 strike price का ATM put option 150 points के premium पर खरीदते हैं (BUY PUT)।
- OTM Put Option बेचना: साथ ही, वह 25,200 strike price का OTM put option 100 points के premium पर बेचते हैं (SELL PUT)।
इस ट्रेड का विश्लेषण:
- Net Premium Paid: Mr. Khan 150 points का premium भुगतान करते हैं, लेकिन 100 points का premium प्राप्त करते हैं। इसलिए, net payment 50 points का होता है, जो इस ट्रेड में अधिकतम नुकसान (Maximum Loss) है।
- Maximum Profit: इस ट्रेड में अधिकतम मुनाफा (Maximum Profit) 50 points का हो सकता है, जो तब मिलेगा जब Nifty 25,200 या उससे नीचे जाएगा और 25,200 के नीचे के स्तर पर settle होगा।
Nifty Trading Scenario:
- Nifty Price: 25,230
- Expiration Date: 5th September
- Higher Strike Put (BUY PUT): 25,300 strike पर 150 points का premium।
- Lower Strike Put (SELL PUT): 25,200 strike पर 100 points का premium।
इस Strategy का काम करने का तरीका:
- Higher Strike Put खरीदना: यह आपको Nifty को 25,300 पर बेचने का अधिकार देता है, जिससे फायदा होगा अगर Nifty की कीमत इस स्तर से नीचे चली जाती है।
- Lower Strike Put बेचना: यह आपको Nifty को 25,200 पर खरीदने की बाध्यता देता है, जिससे आपका मुनाफा सीमित हो जाता है लेकिन strategy की लागत कम हो जाती है।
निष्कर्ष: Bear Put Spread एक ऐसी strategy है जो moderate bearish स्थिति के लिए उपयुक्त है, जहाँ ट्रेडर सीमित जोखिम के साथ लाभ प्राप्त करना चाहता है।
Disclaimer : This article is written for Education Purpose Only. We don’t recommend anyone to Buy or sell. Before making any trade always consult your financial advisor. we are not responsible for any loss.
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