SBI STRANGLE VOLATILE TRADE STRATEGY

STRANGLE TRADE ON SBI MAY OPTIONS
CURRENT FUTURE PRICE @247.75
BUY 230 PUT OPTION @2.3
BUY 260 CALL OPTION @2.85
TOTAL BREAK-EVEN PRICE IS=5.15
TARGET FOR PUT IS 8
TARGET FOR CALL IS 8
SUGGESTED LOT:BUY 3 LOTS OF CALL AND 3 LOTS OF PUT
LOT SIZE:3000
NOTE:234 ACTS AS CRUCIAL SUPPORT IF BROKEN WILL BE
LONG UNWINDING WILL TEST 220
IF MANAGES TO BREAK 255-258 CAN TEST 272
THERE WILL BE SHORT COVERING THE STOCK HAS
CORRECT MORE THAN 20%
CAN COVER 10%

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