Review of Strategy suggested for June'07

Strategy for June'07:

One can sell a strangle of 4150 put option at Rs.60.00 and 4350 call option at Rs.60.00; One needs to keep an initial margin of

Rs.50000/- and shall receives Rs.6000/- which works out to 12% return for the month.
 

The above strategy was suggested on 31st May, 2007, considering a range bound movement of Nifty during June'07. Those who have followed the strategy can close the positions tomorrow and book profit.