Amit Trivedi advises ratio trade in Coal India

Amit Trivedi of Investworks.in told CNBC-TV18, "Coal India is coming out with numbers tomorrow. We are suggesting do a ratio trade on either side. So basically you buy the 350 Call and Put, you are investing Rs 19. You sell two lots of 370 Calls and you sell two lots of 330 Puts. So you are getting around Rs 11 and so net you are investing Rs 8 in this trade and if Coal India moves any value like Rs 7-8 during the month also you will make profit in this trade."

At 11:08 hrs Coal India was quoting at Rs 345.35, down Rs 3.60, or 1.03 percent. It has touched an intraday high of Rs 347.45 and an intraday low of Rs 342.50.