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#PERSISTENT Hedged Option writing strategy. Sell 4700 Ce 23Feb 1 Lot and buy Buy 5000 Ce 23Feb 1 Lot.

Logic behind it - Option premium hiked up and become expensive. Stock facing resistance near 4600. So I plan to sell expensive premium of 4600 Ce@110 which gonna cool down after budget. To hedge this trade or reduce the risk and required margin buy 5000 Ce 23Feb.

What do say about this trade. Please comment.!!