Yesbank Iron Condor Idea

The Open interest of Yesbank shows a massive resistance at 340-350 and support and at 340. Based on technicals, 330-360 is the support-resistance pivots. Fundamentally, it is bullish based on the approval of Yesbank Mutual funds.

So, let's construct an Iron condor based on that -

Sell 350 call options at 11.5
Sell 340 put options at 5.4

Buy 370 call options at 3.8
Buy 320 put options at 1.65

For visualizing the Payoff Graph, You can check here -
unofficed.com/options-calculator/?save_id=5b41ed0e4ff88610137905