Buy TCS 2500 Call, sell 2600 Call: Amit Trivedi

Amit Trivedi, co-founder of investworks.in told CNBC-TV18, "We like IT, they have corrected quite a bit per se on a three month basis. So we are suggesting selling Put options of Tata Consultancy Services (TCS). The other way someone can trade in this particular strategy is you can buy a covered call of TCS. You can buy a 2,500 call in the June series and sell a 2,600 call per se."

At 10:45 hrs Tata Consultancy Services was quoting at Rs 2,546.05, up Rs 34.10, or 1.36 percent. It has touched an intraday high of Rs 2,549.95 and an intraday low of Rs 2,520.

Disclosure: Analyst has not suggested the strategies to all his clients.