Buy Put 95 Jan contract at Market price when Price in cash Makes 105 tentatively or ideal price should be INR 1.90 and book when price in cash near 95 or as per your comfort ideal booking should be near INR 9.00 , this scrip price will move up to 105 or it can go more by another point , its not an issue , but it has to correct (price correction ) before it make any move , and that would be minimum 95 , so look for the opportunity and trade well