Bank India -April strategy (Direction neutral)

neneram Updated   
Hi All ,
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.

Target shown on chart. Let it go in any direction we will make money.

Following is strategy:

Buy 100 call @ 8.25
Buy 100 put @ 4.25

You need capital of 3lakh to take this trade since lot size of 6k , if you don't have don't take this trade.

Options are risky consult your financial adviser before taking any trade.
Comment: Those who couldn't take the trade can take 105 put /call pair tomorrow provided opening is around 105
Trade closed manually: our 100 strike call is at 11.3 and 100 put strike is at 2.2 i.e 13.50 total ,
so we are making 1 rs on 12.5 rs investment.

Book out guys , and enjoy your weekend with profit in pocket
Comment: 105 put /call buyers hold on to trade right now we will decide about it at EOD 3.00pm
Comment: 105 put call buyers , call is at 10.5 and put is at 2.4 so net 12.9 so even if you are making 1 rs profit , EXIT EXIT
Trade closed manually: EXIT ,EXIT

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