given the set up one may consider to sell HDFC AMC 3500 Call option currently around 38
Yield potential in strategy is approximately 8% till Sept expiry.
More importantly the strategy has inbuilt loss protection for a rise up to 3538
Take care & safe trading...!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be