Sell DLF 130 Put, 140 Call: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "We are recommending selling of a strangle strategy in DLF. The stock has been in the thick of action. In the last few days, we have seen some good open interest built up and that is also close to above certain technical levels. But in last couple of days we are seeing some sort of sluggishness and also some long unwinding. So, we feel that it could be in some sort of range.""One could take some advantage of this by selling 130 strike Put quoting at around Rs 3 and also sell a 140 strike Call which is sealed in almost Rs 5.5. So, the total inflow comes to about Rs 850. One could keep a target of Rs 4 and may be a stop loss of Rs 11," he added.