Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put Option around 3.5 - 4.2
Lot size 7700 ( Lot size has increased from July series)
Maximum profit potential Rs 26950 / Rs 32340/ - per lot
Yield potential 8.5% - 10.3% till 30 July 2020
In built loss protection for a fall in price up to 76.5 / 75.80 till 30 July 2020
Take care & safe trading...!!!
Discliamer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be