So here's my trade for those interested:
Sold 4600 June Put@ 25
Bought 4500 PUT@ 14 to hedge the short strike
Total net profit = 11 i.e 13 % on my investment if Nifty stays above 4600 till June
Also sold 5200 June call @ 53
Biught 5300 June call @ 28
Total net profit if Nifty stays below 5200
Word of caution,i am an experience option trader so i always hedge my bets and try to sell options which have high implied volatilities
Sold 4600 June Put@ 25
Bought 4500 PUT@ 14 to hedge the short strike
Total net profit = 11 i.e 13 % on my investment if Nifty stays above 4600 till June
Also sold 5200 June call @ 53
Biught 5300 June call @ 28
Total net profit if Nifty stays below 5200
Word of caution,i am an experience option trader so i always hedge my bets and try to sell options which have high implied volatilities
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