Good Short Strangle for Axis Bank

kemarin dulu

Looking at the CPR Pivots , Can see a good Strangle Set-up for Axis Bank.. Margin Required - 4.12 L and Max Profit is 16K (4.13%) -- Probability of Profit is 83%
Downside :- Have to wait for 16 Dec..

1250 CE *1
1300 CE *4
1050 PE *1
1040 PE *1

All December expiry

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Not a trade suggestion. Please review yourself before you take the trade..