SBIN
CMP 201
Observation
- the stock is having support around 192 levels
- resistance is seen around 218-220 levels
Given the setup one may consider Short strangle strategy for SBIN
Consider selling SBIN 30 July expiry
220 Call Option between 4.5 - 5 ( CMP 4.5)
& also
185 Put Option between 4 - 4.5 ( CMP 4)
Lot size 3000
Profit potential Rs 25500/ - ...