Description
⋅ 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.