The stock is today giving some signs of reversal from resistance.
One may consider
selling Apollo Tyres April series
Lot size 3000
Strike Price: 230
Margin requirement: Rs 96000/- approx
Max profit potential Rs 10500 /- per lot
Thats a potential of 10.9% on margin amount
Holding period: till 27th April 2017
Risk of stock rising is covered till 233.5 on Spot levels till April Expiry day...
Take care and safe trading...!!!