Cover all Positions. Buy 3 Lots of 65 call @CMP 0.85. Buy 2 Lots of 65 Put @CMP .05, and Let 57.5 and 60 Call Sq Off Automatically. Previous net money in was Rs (20600+1600= 22200). Net Money in from 57.5 and 60 call sq of is Rs 20,000. Net Money out from Covering 65 calls and Puts is Rs 21200. Thus total money in is Rs 21000, which is the net profit on a capital of 250000 in 24 Calendar Days (We started on 5th Jan). Time 3.01 pm