neneram

Ambuja Cement - Strong one

Long
NSE:AMBUJACEM   AMBUJA CEMENTS LTD
Hi All ,
No naked put/call buy sell , manage risk .
Classic text book divergence shown on chart. expecting move above to 240 , stop loss of 205

Buy 220 April call , 1 lot
Sell 240 April call , 1 lot

or
Buy April call 230 , 2 lot
Buy April 220 put , 1 lot

Don't want the march series if it goes sideways, we will get Theta thrashing.
Trade closed manually: Enjoy profits , start taking them home.
book out folks book out