Buy 4900 CE and 4800 PE

Buy 2 lots of 4900 CE and 4800 PE at CMP and hold till next week. Combined price is 218.

Update:

• Hold this pair till next week. Shall update exit levels.
• Closing price is 216. 2 Points down.
• Dec 12, 10:08 AM - Hold this call till this friday.
• Dec 12, 06:06 PM - Closing price 198.6. 18 points down.
• Dec 13, 12:43 PM - Keep SL 160 to exit if Nifty trade in a range.
• Dec 13, Closing price 171.30. 47 points down.
• Dec 14, Closing price is 176.90. 41 points down.
• Dec 15, Today is crucial day for this call. If we see up move from here then put price may come down and at the same time call value may not go up in same pace. Up move will be up to 5100 to 5200 in few days. So risky traders can hold this call for few more days in next week. Safe traders Keep SL 150-160 on closing basis and exit. Was expected up move after EU summit but it turned range bound market and started eating premium.Strong support at 4690-4700 and 4630-40. Breaking this can see more down fall but seems its more unlikely today. Let us see.
• Dec 16, 3:13 PM - CMP is 220. 
• Dec 19, 09:15 AM  - Exit from put @ 230. Hold CE till expiry.
• Dec 20 - Exited from CE @ 10.50. Total profit Rs.2000+1050 =3050.