Sell BHEL 200 straddle at Rs 11, says Amit Trivedi

Amit Trivedi of Investworks.in told CNBC-TV18, “BHEL has been moving post results around 3-5 percent maximum and volumes have increased to around 40-42 percent. So, 200 strike straddle which is Call and Put together is trading at around Rs 11. So one can sell 200 straddle at Rs 11 and if the stock moves any value less than 3 percent, the value of the straddle will come down to around Rs 9 at with which price one can unwind the trade.”