Buy Infosys 900 Put, 1000 Call: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "Infosys, the stock in news, we feel that the volatility could increase. So, we are recommending a strangle, buying of a 900 strike Put and a 1,000 strike Call. So the total cost comes to about Rs 30. The risk reward seems to be quite favourable, I think we could expect some volatility. Total comes to about Rs 30, keeping a target of Rs 60 and maybe a stop loss of Rs 18."

"In Zee Entertainment Enterprises, clearly some shorts are seen. One could possibly do a trade, buy a 500 strike Put at around Rs 450-470, keeping a modest target of Rs 8, maybe one could keep a stop loss of Rs 2," he said.