Description
⋅ 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...!!!