Hi All , Assuming DJI index options are american settled : Use following strategy : Sell 249 strike 9 feb expiry option @2.4 Buy 250 strike 16 feb expiry option @ 3.22 Assuming american style option you can exit 16 feb option on 9 feb . If not american style settled than above strategy of no use. No over leverage , just buy 1 or 2 lot depending on your...
Refer chart : classic Text Book pattern. No Naked trades , Use strategy : 1) Buy 230 Dec calls , sell 250 Dec calls --- My preference. 2) Buy Dec future , Sell 230 Dec call 3) Sell Dec 240 or 250 Put , Buy 220 Put 4) Buy 2 lot 230 call , Buy 1 lot 230 put check what strategy suits you ,And execute your trade . Beware lot size is 3500 , so risk is high...