No naked buy /sell of put/call , Target mentioned on chart
Buy 420 March call @ 7.25 (cheap insurance against our real trade below)
Buy 420 April put @ 24.5
I see a risk of 5 rs in this trade i.e 1300*5 = 6500
So you need a capital of 1 lakh for this trade, People with lower capital ,this trade is not for you.
Trade must be exited if we see profit , or on march expiry next week.(with whatever profit /loss )
No over leverage ,options are risky , consult your financial adviser before investing
We will take 420 april call @ 24 and we will continue this trade
Right now 420 call is @ 50
And 420 put @ 3.75
i.e we are making 4 rs on this trade, Screaming exit , Book profits.
Book Profit , Exit , Exit ,Exit.