Double Plateau – Moderately Directional with Capped Risk

Double Plateau is a strategy formed by combining a Bull Condor and a Bear Condor, designed for markets with mild directional movement but low chances of extreme moves. When to use: Use this strategy when the market is expected to move slightly up or down, but remain within defined zones. Historic Example: In July 2023,

was expected to trade near 1580–1600 on the upside or 1500–1480 on the downside. Bull Condor: • Buy 1560 CE @ ₹45 • Sell 1580 CE @ ₹35 • Sell 1600 CE @ ₹28 • Buy 1620 CE @ ₹21 Bear Condor: • Buy 1520 PE @ ₹26 • Sell 1500 PE @ ₹20 • Sell 1480 PE @ ₹15 • Buy 1460 PE @ ₹12 Profit & Risk: Max Profit = Difference between inner strikes minus net premium paid Max Loss = Net premium paid (limited) Key takeaway: Double Plateau suits moderately directional markets where risk control matters more than aggressive returns. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.