Election have brought high volatility and indexes giving wild swings of late. There is huge premium due to this volatility . So created below neutral option spread which has wider breakeven 26653-31681. Deployed 35% of my capital. Will do adjustments when spot approaches the BPS .
-5x 30MAY2019 27500CE - ₹ 2795
-3x 30MAY2019 30500PE - ₹ 1263.15
-3x 30MAY2019 31000PE - ₹ 1480
-1x 30MAY2019 28000CE - ₹ 2382
Max. Profit ₹ +111,729
Max. Loss ₹ Undefined
Breakevens 26653.0-31681.0