Axisbank was going up, it was based on rumor perhaps increase in FII holdings. Now news is out. Stock showed sudden spurt today and it might continue tomorrow till its recent top around 1342.
1350 CALL will be around 60 then.
Gap up opening tomorrow would help option price increase of Axisbank.
Sell AXISBANK 1350 CALL one lot around 40-45 and book profit around 25, if it goes up average with one more lot at around 60. SL 80.
More safe strategy will be to sell 1450 AXISBANK CALL between 14.5-16.
Disclaimer: This blog does not take any responsibility of your profit/loss
1350 CALL will be around 60 then.
Gap up opening tomorrow would help option price increase of Axisbank.
Sell AXISBANK 1350 CALL one lot around 40-45 and book profit around 25, if it goes up average with one more lot at around 60. SL 80.
More safe strategy will be to sell 1450 AXISBANK CALL between 14.5-16.
Disclaimer: This blog does not take any responsibility of your profit/loss
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