The stock has been range bound between 250 and 280 since June. Without any external triggers, we expect it to trade within this range until July expiry
Iron Butterfly is a neutral strategy whereby we profit as long as the stock remains within the strategy range
Petronet Iron Butterfly i.ibb.co :
Buy 1Lot 250 Put 30Jul ~ 6.25
Sell 1Lot 265 Put 30Jul ~...