Suntv Turtle Bet - Strangle Idea

Sell Suntv 680 PE at 25
Sell Suntv 680 CE at 7

This position is profitable if Suntv Stays between 648 and 712.


Hedge =

Buy Suntv futures above 728
Sell Suntv futures below 651

Do not forget to update TSL to cost on 5 points profit if the hedge triggers.

Komen:

Futures Short triggered at 651 and it fell. Update the TSL to 650.