Hi All ,
Rule 1 : No naked put/ call buy /sell
Take any strategy as mentioned below
strategy 1 :
Buy 1600 call 1 lot @ 27
Sell 1640 call 1 lot @ 10
Risk above 17 rs i.e 17*400 = 6800 (You need minimum capital of 1 lakh for this)
strategy 2 :
Buy 1600 call 1 lot@ 27
Buy 1600 put 1 lot@19.5
Risk above is 30% of put /call pair value i.e
30% of 47 approx...