Put following strategy Buy Banknifty mar 31000 call , 1 lot @ 35 Sell Banknifty mar 31200 call , 3 lot @ 23 , aggressive traders can sell 4 lots if you have capital
Net credit is 34 points (3 lot sell) , 57 points if 4 lot sell .
In case of 3 lot sell , Risk point is 31300 which is like 1500 points above today's close, i.e 300 points daily in next 5 days, very very low probability.
P.S options are risky , consult your advisor before investing
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31200 @ 6.5 , 31000@9 So square of 31000@9 and let 31200 run to zero, Don't worry there is some 33 lakh openinterest between current banknifty value and 31200 strike.
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Can enter following trade on Monday
Buy 30900 call @ 10 , 1 lot Sell 31000 call @ 9 , 3 lot
P.S options are risky , consult your advisor before investing
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So folks its profit booking time , Take it home and enjoy.
Free your capital and mind , Lets see for another trade