Dealing with Sudden Market Crack

There is rising tension in Kashmir and it means if suddenly anything happens it may lead to a flash crack in the market. Here is one idea to benefit that kind of event.

https://unofficed.com/options-calculator/?save_id=5c7329b08ada8942201317

Buy 10500 PE at 27.35 - 1 lot
Sell 10300 PE at 11.75 - 2 lots

Assuming the fall will be momentarily and will allow us to benefit for the same if the profit booking is timed correctly.

Let’s deploy this time bomb. What is your thought?

Looks a good strategy but current expiry prices seems to be far away. Which expiry are we targeting at?

Its not for current expiry. Guess from the premium. Its next’s. :slight_smile: Prices changed since I wrote. This is current’s https://unofficed.com/options-calculator/?save_id=5c73a8aea6183625081665

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