No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.
Target shown on chart.
Buy 10400 April put @ 102
Sell 10300 April put @ 70
This is calculated risk strategy . Our risk is 32 rs per lot i.e 32*75 = 2400 Rs , You need capital of 75 thousand for this , If you don't have don't take the trade.
Our reward can be anywhere between 30-60 points , we will Book when profit shows up , tentatively by Tuesday/Wednesday next week
Options are risky consult your financial adviser before taking any trade.
Lets wait for next Wed/Thursday before we do anything on this.
Our risk is calculated . So no worries.
So We will wait for our turn, Mostly wednesday/thursday next week.
Right now 10400 @24 and 10300@13 so we are losing 78 on 10400 and we are making 57 on 10300 , net loss 21 points , well within the risk of 32 points we have calculated.
Book out 1575 rs loss folks , Exit , Exit , Exit.