SBIN turte bet- strangle idea

Sell SBIN 270 PE at 4.75
Sell SBIN 280 CE at 2

This position is profitable is SBIN Stays between 263.3 and 286.7.


Hedge =

Buy futures above 286.9
Sell futures below 263.3

Do not forget to update TSL 0.00% 0.00% to cost