Sell Tata Motors 510 put; sell ICICI Bank 340 put: Trivedi

Amit Trivedi of Investworks.in told CNBC-TV18, "ICICI Bank and Tata Motors have done well in this series, moved around 7-8 percent; ICICI Bank moved from Rs 340 to Rs 365. We think this level should hold on. Therefore, we are suggesting selling 340 strike Put option of ICICI. You are getting close to Re 1 which is Rs 1,200 on margin deployed of 30,000. You will make Rs 1,000 if ICICI remains any value above Rs 340 and you have five days to expiry. So that is a good risk reward ratio."

"Similarly, Tata Motors has rallied quite a bit, so we think it should consolidate and we recommend selling 510 strike put Options of Tata Motors again getting closer to Re 1 in this trade and you get that Re 1 if Tata Motors expires any value above Rs 510," he said.