Amit_Ghosh

Suntv Turtle Bet - Strangle Idea

Amit_Ghosh Updated   
NSE:SUNTV   SUN TV NETWORK LTD
Sell Suntv 680 PE at 25
Sell Suntv 680 CE at 7

This position is profitable if Suntv Stays between 648 and 712.


Hedge =

Buy Suntv futures above 728
Sell Suntv futures below 651

Do not forget to update TSL to cost on 5 points profit if the hedge triggers.
Comment:
Futures Short triggered at 651 and it fell. Update the TSL to 650.

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