SBI STRANGLE STRATEGY

BUY SBIN 285 PUT @ 4.8

BUY  SBIN 350 CALL @ 4

COST=8.8

TOTAL RISK  = 11000

RETURN = UNLIMITED

UPPER BREAK GIVEN POINT=358.8

LOWER BREAK GIVEN POINT=276.2

Pay off table:

Strike Price	Call Option Price	Strike Price	Call Option Price	Strike rate	Closing price	Return from call	return from put	Payoff
350	4	285	4.8	5	250	0	43750	32750
350	4	285	4.8	5	255	0	37500	26500
350	4	285	4.8	5	260	0	31250	20250
350	4	285	4.8	5	265	0	25000	14000
350	4	285	4.8	5	270	0	18750	7750
350	4	285	4.8	5	275	0	12500	1500
350	4	285	4.8	5	280	0	6250	-4750
350	4	285	4.8	5	285	0	0	-11000
350	4	285	4.8	5	290	0	0	-11000
350	4	285	4.8	5	295	0	0	-11000
350	4	285	4.8	5	300	0	0	-11000
350	4	285	4.8	5	305	0	0	-11000
350	4	285	4.8	5	310	0	0	-11000
350	4	285	4.8	5	315	0	0	-11000
350	4	285	4.8	5	320	0	0	-11000
350	4	285	4.8	5	325	0	0	-11000
350	4	285	4.8	5	330	0	0	-11000
350	4	285	4.8	5	335	0	0	-11000
350	4	285	4.8	5	340	0	0	-11000
350	4	285	4.8	5	345	0	0	-11000
350	4	285	4.8	5	350	0	0	-11000
350	4	285	4.8	5	355	6250	0	-4750
350	4	285	4.8	5	360	12500	0	1500
350	4	285	4.8	5	365	18750	0	7750
350	4	285	4.8	5	370	25000	0	14000
350	4	285	4.8	5	375	31250	0	20250
350	4	285	4.8	5	380	37500	0	26500
350	4	285	4.8	5	385	43750	0	32750
350	4	285	4.8	5	390	50000	0	39000