Maruti is oversold at higher level on weekly chart.
Following is strategy for this month :
Not a big fan of Out of money options , but was looking for very low risk game , you need minimum 2 lakh capital , if you don't have it than this is not for you.
Buy March 9200 call 1 lot @ 80
Sell March 9500 call 2 lot @ 37
Ratio is 1:2 - don't violate this ratio
Net risk is 80 -(37*2) = 6 rs i.e 75*6 = 450 rs (monthly close below 9200 and we will loose 450 rs on this)
Maruti close below 9200 , we will loose 450 rs
Maruti close at 9400 , we will gain 120 rs on 9200 call , and gain 74 on 9500 call , so net gain 194 point
Maruti close at 9600 , we will gain 320 rs on 9200 call , and loose 130 on 9500 call , so net gain 190 point
Maruti close at 9700 , we will gain 420 rs on 9200 call , and loose 330 on 9500 call , so net gain 90 point
Maruti close at 9800(very less probability) , we will gain 520 rs on 9200 call , and loose 530 on 9500 call , so net loss 10 point
So any close of maruti between 9200 - 9800 we gain.
No Naked buy / sell of put/call .
No over leverage, Don't go and buy 9500 naked calls thinking they are cheap , it's best way to loose money.
Options are risky , Consult your financial adviser before taking trade.