Hexaware update:
This stock today crossed 85 and now had gone in upward momentum. It had once given opportunity to grab the profit. Now it seems difficult unless it gives big red candle tomorrow. Book profit in 75 PUT, set limit 0.10 and wait (hope?) for 80 PUT goes above buying price.
Bearspread strategy for IFCI.
Buy IFCI 30 PUT @ 0.75 and Sell IFCI 27.5 PUT @ 0.25.
Maximum loss 4000/- and maximum profit Rs. 16000/- if IFCI closes below 27.5 by end of the month.
This strategy has all the ingredients of atypical bearspread strategy.
One need not wait till it generates 16000 profit, but as usual as soon as there is 2 to 3% profit, exit the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss.
This stock today crossed 85 and now had gone in upward momentum. It had once given opportunity to grab the profit. Now it seems difficult unless it gives big red candle tomorrow. Book profit in 75 PUT, set limit 0.10 and wait (hope?) for 80 PUT goes above buying price.
Bearspread strategy for IFCI.
Buy IFCI 30 PUT @ 0.75 and Sell IFCI 27.5 PUT @ 0.25.
Maximum loss 4000/- and maximum profit Rs. 16000/- if IFCI closes below 27.5 by end of the month.
This strategy has all the ingredients of atypical bearspread strategy.
- Only 8 trading days remaining this month.
- IV is more than 55/65
- Probability of reaching 27.5 is near 40%
- Though it has shown hammer on day chart yesterday, stock did not show desired progress today. So that could be the false signal.
- Delta is -0.37 and Theta is 0.05. This is encouraging for option trading.
- Stock is trading much below Ichimoku cloud.
- Risk reward ratio is very good.
One need not wait till it generates 16000 profit, but as usual as soon as there is 2 to 3% profit, exit the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss.
No comments:
Post a Comment