Sell L&T 1650 Put, 1750 Call: Amit Trivedi

Amit Trivedi of Investworks.in told CNBC-TV18, "Larsen and Toubro (L&T) has rallied quite a bit including capital goods and other stocks like Bharat Heavy Electricals Limited (BHEL). Today the numbers are going to come out and the stock normally react around four to five percent kind of a move per se."

"What we are suggesting is you can just do a simple trade, go long the straddle of 1,700 which is buy the Call and Put. You are investing Rs 110 and you sell the Rs 50 up and down Call and put the strangle basically. So sell 1,650 Put and 1,750 Call, so you are investing net Rs 40 in this trade and if L&T moves Rs 50 either direction you will make Rs 10 of profit in this trade," he said.