Market may show some bounce back.
Heromotocorp:
We also could not exit and holding contact of 1700 CALL option. Stock fallen at end of the session and maybe we have to book loss, if it does not show sign of reversal.
Ranbaxy
Hold Ranbaxy PUT. In fact it was not USFDA but UK authorities mentioned about quality of Ranbaxy products. Ranbaxy's sell in UK would be insignificant as compared to their US volumes.
Traders will realise mistake soon and shall start selling. Very recently, Ranbaxy is charged 10 mio Euro penalty for antitrust issues in Europe. So stock should go down in theory!
So buy 320 PUT @10/- Maximum loss could be 5000/-
DLF
Buy DLF 160 PUT at around 3.80-4.10. Target 5.50. It will reach to 167 in cash and its option will be near 5.50. This is trade for two/three days.
Maximum risk around 3800/4000
HCLTECH
Buy 800 CALL at around 21-22. Sell 840 CALL at around 9-10
Maximum risk around 5000 to 5500/-, this could be maximum loss. If Rupee continues to slide HCLTECH could reach all time high 840 before this month end and maximum profit potential is around 15000/-
Risk reward ratio is very good.
Disclaimer: This blog does not take any responsibility of your profit/loss
Heromotocorp:
We also could not exit and holding contact of 1700 CALL option. Stock fallen at end of the session and maybe we have to book loss, if it does not show sign of reversal.
Ranbaxy
Hold Ranbaxy PUT. In fact it was not USFDA but UK authorities mentioned about quality of Ranbaxy products. Ranbaxy's sell in UK would be insignificant as compared to their US volumes.
Traders will realise mistake soon and shall start selling. Very recently, Ranbaxy is charged 10 mio Euro penalty for antitrust issues in Europe. So stock should go down in theory!
So buy 320 PUT @10/- Maximum loss could be 5000/-
DLF
Buy DLF 160 PUT at around 3.80-4.10. Target 5.50. It will reach to 167 in cash and its option will be near 5.50. This is trade for two/three days.
Maximum risk around 3800/4000
HCLTECH
Buy 800 CALL at around 21-22. Sell 840 CALL at around 9-10
Maximum risk around 5000 to 5500/-, this could be maximum loss. If Rupee continues to slide HCLTECH could reach all time high 840 before this month end and maximum profit potential is around 15000/-
Risk reward ratio is very good.
Disclaimer: This blog does not take any responsibility of your profit/loss
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