F&O analysts suggest put ratio spread on RIL

The RIL 1,900 put closed at Rs 103 a share (505 shares make a lot) while the 1,700 put closed at Rs 30. Using these rates, the sale of two OTM puts fetches the client Rs 60, which cuts her outflow to Rs 43. This is the maximum a client would lose if RIL trades consistently above Rs 1,900.

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