Apollo tyres CMP 222

The stock is today giving some signs of reversal from trend line resistance.

One may consider

selling Apollo Tyres April series

Call Option

Lot size 3000

Strike Price: 230

CMP :3.5

Margin requirement: Rs 96000/- approx

Max profit potential Rs 10500 /- per lot

Thats a potential of 10.9% on margin amount
Holding period: till 27th April 2017

Risk of stock rising is covered till 233.5 on Spot levels till April Expiry day...

Take care and safe trading...!!!
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