Short Unilever Jan 2019 Futures
Spot CMP: 1845, TGT: 1777/1740/1720; SL: 1870
Jan Fut CMP:1859 (14.00 Future Premium, 0.75% Arbitrage)
Alternately you can write 1860 CE for 50 rupee with a target of 30/20/10
FNO Margin Required: 2,00,000 (As per SASOnline)
Potential Gain: 600 x 14 + 600 x 72 = 51,000.00 (25%)
Strategy: Once target is met don't square off the position. Instead buy 1 lot in cash segment. By doing this you can save future premium arbitrage of 14 rupees.