One may consider selling Nifty 9700 Put option (CMP 82)
& Nifty 10600 Call option (Closing price 102) A combine sell price of 184 would have a Max Profit potential of 75*(184) = Rs 13800/- & yield potential of approx. 5% till 25 June 2020
Loss in strategy if Nifty closing is above 9780 or below 9520.
Note
My apologies for the typo-error.
Loss in strategy if closing above 10784 or below 9516
Note
Nifty CMP 9858
Strategy update Nifty 9700 Put 174 Nifty 10600 Call 20
Net 75*(184 - 194)= - Rs 750/-
Considering the fact that Nifty is 400 odd points down, the strategy has managed the risk very well. It is in red by just 10 points
Happy & safe trading...!!!
Trade closed: target reached
Nifty Strategy update
10600 Call option 1
9700 Put Option 0.3
Both should expire worthless and no need to square off
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