TATASTEEL SHORT STRANGLE STRATEGY

FRIDAY  being a shy day for the market ,followed by a close of 3 days we are giving a short strangle strategy. This strategy is aiming to encash option time value.

SELL TATASTEEL 400 CALL @9

SELL TATASTEEL 400 PUT   @9

TOTAL RETURN=(9+9)*500=9000

LOWER BREAK EVEN POINT=391

HIGHER BREAK EVEN POINT=409

 STOPLOSS WHEN CUMULATIVE PRICE GOES TO 27

OUTLOOK EXPIRY, BUT CAN BE BOOKED EARLIER ALSO IF REASONABLE RETURNS ARE AVAILABLE.