HINDALCO STRANGLE OPTION STRATEGY FOR DEC 2021

BUY 1 LOT HINDALCO 420 PUT @ 12.5 AND HINDALCO 450 CALL @ 12

PAY OFF TABLE :-

Strike Price	Call Option Price	Strike Price	Put Option Price	Strike rate	Closing price	Payoff
450	12	420	12.5	10	350	48912.5
450	12	420	12.5	10	360	38162.5
450	12	420	12.5	10	370	27412.5
450	12	420	12.5	10	380	16662.5
450	12	420	12.5	10	390	5912.5
450	12	420	12.5	10	400	-4837.5
450	12	420	12.5	10	410	-15587.5
450	12	420	12.5	10	420	-26337.5
450	12	420	12.5	10	430	-26337.5
450	12	420	12.5	10	440	-26337.5
450	12	420	12.5	10	450	-26337.5
450	12	420	12.5	10	460	-15587.5
450	12	420	12.5	10	470	-4837.5
450	12	420	12.5	10	480	5912.5
450	12	420	12.5	10	490	16662.5
450	12	420	12.5	10	500	27412.5
450	12	420	12.5	10	510	38162.5
450	12	420	12.5	10	520	48912.5