Option Strategy before budget & quarterly result.

Auro Pharma has announced 07.02.18 for results and the budget is on 01.02.18 so one can avoid the risk of volatility. The price has already moved down by 10% in last month. In this situation one can try the following strategy :
2/1 ratio call spread and put spread:
a. Buy 660 call 2 lots 14 to 17 range (Current-Price 15.20)
b. Sell 640 call 1 lot 21 to 26 range (Current-Price 22.30)
c. Buy 600 put 2 lots 14 to 17 range (Current-Price 15.15)
d. Sell 620 put 1 lot 21 to 26 range (Current-Price 22.65)

Max loss In the range of 2700 to 7500 if price consolidate 660 to 600 band post result
Profit 11000 to 18000 if price move above 706 or 555 post result

One should hold it for 10 working days or post result


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