Book profit in LT 1080/1060 Calls. One should have exited from all earlier recommendations so far and trading account must have substantial profit at least 7 to 8 times FD bank's interest.
FII sold today again after huge buying for two days. NIFTY and many stocks are range bound, good for option writers.
Axisbank:
Axisbank will announce quarterly results on Thursday. Generally stock goes up after the results. OI is also more in CALL contracts and IV is near 38-40.
Bull spread strategy
Buy 1200 CALL around 28 and sell 1250 CALL around 14.
Maximum loss could be about 3500 but strategy has profit potential around 9000/-
Loss potential also can me minimized by selling 1350 CALL around 3.50/4 and 1050 PUT around 4/5.
Disclaimer: This blog does not take any responsibility of your profit/loss
FII sold today again after huge buying for two days. NIFTY and many stocks are range bound, good for option writers.
Axisbank:
Axisbank will announce quarterly results on Thursday. Generally stock goes up after the results. OI is also more in CALL contracts and IV is near 38-40.
Bull spread strategy
Buy 1200 CALL around 28 and sell 1250 CALL around 14.
Maximum loss could be about 3500 but strategy has profit potential around 9000/-
Loss potential also can me minimized by selling 1350 CALL around 3.50/4 and 1050 PUT around 4/5.
Disclaimer: This blog does not take any responsibility of your profit/loss
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