A STRADDLE COVERED CALL FOR RELIANCE

Reliance is in a range for the last six months generating a zero returns Here's strategy to make money
.Since you already own RIL shares, let’s use the ₹1,190 strike for both call & put:
ATM range = 1,180–1,190)

OI chart + option chain:

Highest OI buildup is at ₹1,200 CE & PE → classic institutional interest zone

Premiums are still juicy due to high IV

Strong support visible below ₹1,150 on the chart

₹1,338 = long-term resistance (not in current play, but a stretch target)



Option Strike Premium (LTP)
Sell Call ₹1,190 ₹47.00
Sell Put ₹1,190 ₹48.00
👉 Total Premium Collected = ₹95 per share
👉 Lot Size = 500 *95-47500 💰
Breakeven Zone (on expiry)
Upper Breakeven = ₹1,285 (₹1,190 + ₹95)

Lower Breakeven = ₹1,095 (₹1,190 – ₹95)
Safety Tip (Optional Hedge)
If you want to sleep even deeper:

Buy a deep OTM ₹1,050 PE as disaster insurance (~₹10–15)