Did short strangle strategy on SBIN :-
Current price was 263.75
1) Shorted 1 lot 310 CE at .70
2) Shorted 1 lot 220 PE at .75
total points gained = 1.45
Total profit = 1.45*3000 = 4350
We will get whole the money if it expires between 220-310
Upper BEP = 218.6
Lower BEP = 311.5