TORNTPHARMA EARNINGS PLAY OPTION STRATEGY: 26 OCT 20

Earnings play: Max 3 day trade

Buy-
+1-2500 PE- 8
+1-22650 PE- 20.5
+1-2850 CE- 25
+1-3000 CE- 8.94
Sell-
-2-2600 PE - 20.5
-2-2900 CE - 18.95

Net Credit - +10305
Cap Req - 2.9L approx
BE - 2529-2971
Max Profit - 35305
Max Loss - 14695
POP - 88%