Short 225 CE @ 2.25 .... 2.25*4000=9000 profit if exide stays below 225 at expiry
Short 195 PE @ 0.45 .... 0.45*4000=1800 profit if exide stays above 195 at expiry
Short 195 PE @ 0.45 .... 0.45*4000=1800 profit if exide stays above 195 at expiry