HINDALCO STRANGLE STRATEGY FOR JUL 2019

"BUY 1 LOT HINDALCO 200 PUT @ 3.1 AND 220 CALL @ 2.9"

PAY OFF TABLE :- 

Strike Price	Call Option Price	Strike Price	Put Option Price	Strike rate	Closing price	Return from call	return from put	Payoff
220	2.9	200	3.1	2	180	0	70000	49000
220	2.9	200	3.1	2	182	0	63000	42000
220	2.9	200	3.1	2	184	0	56000	35000
220	2.9	200	3.1	2	186	0	49000	28000
220	2.9	200	3.1	2	188	0	42000	21000
220	2.9	200	3.1	2	190	0	35000	14000
220	2.9	200	3.1	2	192	0	28000	7000
220	2.9	200	3.1	2	194	0	21000	0
220	2.9	200	3.1	2	196	0	14000	-7000
220	2.9	200	3.1	2	198	0	7000	-14000
220	2.9	200	3.1	2	200	0	0	-21000
220	2.9	200	3.1	2	202	0	0	-21000
220	2.9	200	3.1	2	204	0	0	-21000
220	2.9	200	3.1	2	206	0	0	-21000
220	2.9	200	3.1	2	208	0	0	-21000
220	2.9	200	3.1	2	210	0	0	-21000
220	2.9	200	3.1	2	212	0	0	-21000
220	2.9	200	3.1	2	214	0	0	-21000
220	2.9	200	3.1	2	216	0	0	-21000
220	2.9	200	3.1	2	218	0	0	-21000
220	2.9	200	3.1	2	220	0	0	-21000
220	2.9	200	3.1	2	222	7000	0	-14000
220	2.9	200	3.1	2	224	14000	0	-7000
220	2.9	200	3.1	2	226	21000	0	0
220	2.9	200	3.1	2	228	28000	0	7000
220	2.9	200	3.1	2	230	35000	0	14000
220	2.9	200	3.1	2	232	42000	0	21000
220	2.9	200	3.1	2	234	49000	0	28000
220	2.9	200	3.1	2	236	56000	0	35000
220	2.9	200	3.1	2	238	63000	0	42000
220	2.9	200	3.1	2	240	70000	0	49000
220	2.9	200	3.1	2	242	77000	0	56000
220	2.9	200	3.1	2	244	84000	0	63000
220	2.9	200	3.1	2	246	91000	0	70000
220	2.9	200	3.1	2	248	98000	0	77000