Sell Cipla 380 strike Put & 440 strike Call: Trivedi

According to Amit Trivedi, Director of Fin Stream Financial Advisors, investors can sell 380 strike Put and 440 strike Call whenever the combined price becomes around Rs 7.
 
Trivedi told CNBC-TV18, “Cipla is expected to come out with numbers because of which the Option implied volatility has gone up slightly. We think investors can sell 380 strike Put and 440 strike Call whenever the combined price becomes around Rs 7. Currently it is Rs 6 or so. We think, after results this should come down to around Rs 4.5 at which one can unwind this particular trade.”