No Naked put/call buy /sell .
Following is the strategy :
Buy 300 March call @ 5/5.25
Sell 310 March call @ 3 (if possible )or 2.75
Just buy /sell 1 lot , No naked buying of 5-10 lots of 300 March call bcas it's at 5 , stay away from such temptations.
Its best way to loose money in market.
Consult your financial adviser before taking trade, Options are risky.
Folks this is a classic case where market (options writer) have advance information about some news which will pull down the price of stock.
Information about announcement of big dividend to government happens generally in March,So Lets wait and watch .
Anyways we have calculated risk of 2 to 2.5 rs on 1 lot.So hold on to this.
One more time repeating :
"Stay away from temptation of buying naked call options b'cas they are cheap and you are thinking of doubling your money in short time.Instead of doubling , you will end up busting your account."
Take the profits from the table , don't be greedy.
EXIT , Exit , Exit.....