HDIL STRANGLE STRATEGY

BUY HDIL 95 CALL @ 1.4

BUY HDIL 70 PUT    @ .90

COST=2.3

RISK PER LOT =9200

RETURN=UNLIMITED

UPPER BREAK GIVEN POINT=97.3

LOWER BREAK GIVEN POINT=67.7

PAY OFF TABLE:

Call Option Price	Strike Price	Call Option Price	Closing price	Return from call	return from put	Payoff
1.4	70	0.9	50	0	80000	70800
1.4	70	0.9	55	0	60000	50800
1.4	70	0.9	60	0	40000	30800
1.4	70	0.9	65	0	20000	10800
1.4	70	0.9	70	0	0	-9200
1.4	70	0.9	75	0	0	-9200
1.4	70	0.9	80	0	0	-9200
1.4	70	0.9	85	0	0	-9200
1.4	70	0.9	90	0	0	-9200
1.4	70	0.9	95	0	0	-9200
1.4	70	0.9	100	20000	0	10800
1.4	70	0.9	105	40000	0	30800
1.4	70	0.9	110	60000	0	50800
1.4	70	0.9	115	80000	0	70800
1.4	70	0.9	120	100000	0	90800
1.4	70	0.9	125	120000	0	110800
1.4	70	0.9	130	140000	0	130800
1.4	70	0.9	135	160000	0	150800