Bank Nifty January StrangleLooking at the range of Bank Nifty I have taken the following trade
Sold : 51500 Call at 15.75 and 45000 Put at 30
Put qty is half of the call quantity
hopefully both will be zero
Please note this is a naked sell and profit is limited but loss can be unlimited, if one wants to define the risk and profit, cordon this off with respective option buy.