A combine Premium collection above 15 may considered
Lot size 2600
Max profit potential 2600*15 = Rs 39000 till 30 July expiry
Yield potential of 12.6% approximately on capital deployed
Loss in strategy if RBL Bank closes above 245 or below 135 on 30 July 2020
Take care & safe trading...!!! ________________________________________________________________
Discliamer: - The view expressed here is my personal view - 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 - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
Trade active
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RBL Short strangle strategy
150 Put option has made a high of 7.4
230 Call option has made a high of 8.2
Giving us ample opportunity for a Combine premium collection of 15+ as suggested