Sell Nifty 4900 Call (Apr) at 255-260 and hold. Go Long if Nifty Fut trades above 5090 and hold till Nifty Future comes back below 5090
Sell Nifty 5200 Put (Apr) at 225-230 & hold. Go Short if Nifty Future trades below 5040 and hold till Nifty Fut comes back above 5040
We have sold 4900 Call at 258 and 5200 Put at 230. So we got total premium of 488 points.
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