The above strategy needs margin of 23.8 lac
Max Profit of 88000 @ 1320 Expiry
Max Loss of -12000 |above 1340 or below 1300
For demonstration purpose we have shown strategy on 20 lots (it can be done 2 lots also)
Our whole point here is that even if you bet 20 lots max you lose is 12000, so risk reward is marvelous. Options are best instrument when it comes to managing risk.
Best wishes