Bull or bear spread?

DERIVATIVES/ With a settlement round the corner, October premia can decay rapidly

t. An even wider long strangle is possible as cover - we could try and take a long 1830c (2.75) and long 1730p (1.5) to try and boost our initial premium. This position offers greater profits inside 1750-1800 range but it loses more outside that range.  In the stock derivatives market, there are few attractive options. Practically none if we are considering the October market. There is a potential short in Bajaj Auto (spot: 956) which appears to be quite weak.  We could sell the October Bajaj Future (959) or perhaps even sell the November Future (964).  In carryover trades, it maybe possible to buy into Infosys, HCL Tech, TCS and Wipro since all these stocks appear to have a bullish perspective over the next three-four weeks. We could buy the futures for these stocks.  As usual, liquidity is low in the November options segment and it isn't safe to trade October options this close to settlement.