HDFCBank is trading near its all time high. As per pivot points its upside may be capped to 2360/2400. Creating below option strategy for this expiry. If HDFCBank approaches the BEPS, then will do necessary adjustments.
-1x 30MAY2019 FUTURES - ₹ 2286.35
+1x 30MAY2019 2260CE - ₹ 70.95
-1x 30MAY2019 2260PE - ₹ 45.25
-2x 30MAY2019 2360CE - ₹ 29.8
Max. Profit ₹ +15,062.5 (< 2359)
Max. Loss ₹ Undefined (> 2390)
Breakevens 0-2390.1