Aurobindo Pharma : Mirror image trade potential & strategy

Aurobindo Pharma
Closing price 648

The chart reflects certain pattern & based on our interpretation, we might see some consolidation in prices for the next month or two.

If Aurobindo Pharma is to replicate a Mirror image pattern then a potential Short strangle strategy may be considered.

Consider selling Aurobindo Pharma

720 Call option around 20


580 Put option around 16

Lot size 1000

Max profit potential in strategy Rs 35000/-

Loss in strategy if Aurobindo Pharma closes above 755 or below 545 on 28-May expiry day

Cash buying may be considered in 580-615 range

Trading in Options involves risk. Understand & do follow risk management measures. Consult your financial advisor.

Take care & safe trading...!!!
Trade active: 720 call option opened at 21.75 made a high of 22.5 giving us a good price to sell above 20

580 Put option too made a high of 16.40 giving us our price of 16 to sell

Trade is active
Trade active: Strategy Update
720 Call option sold @ 21.50 is currently at 17.8


580 Put option Sold @ 16 is currently at 9.50

Net so far 1000*( 37.5 - 27.3 ) = Rs 10200/-
Trade active: Strategy Update
720 Call option cmp 13.35
580 Put option cmp 4.9

Net so far 1000*( 37.5 -18.25 ) = Rs 19250/-

Enjoy & have a gr8 weekend...!!! :-)
Trade closed manually: Auro Pharma CMP 668

Strategy Update
Broader market has seen wild swings, yet Aurobindo has been fairly quiet & has stayed within a small range.

720 Call option cmp 10
580 Put option cmp 4.75

Net so far 1000*( 37.5 -14.75 ) = Rs 22750/-

The strategy has worked well & is rewarding a good profit.
Consider to book profits as per your risk appetite

Happy & safe trading...!!!


Hello - Where, how to practice these analysis. Complete beginner. Please guide. Thxs.
@arunindy, hi

In terms of using software to analyse charts, tradingview provides all the necessary tools. We are looking to conduct online session very soon on Analyzing charts & making the most of it. If interested will send you the details & you can join the session.

Happy learning...!!!
+1 Reply
arunindy indiamarketoutlook
@indiamarketoutlook, That would be great help. Thank you.
NitinDhanrajani indiamarketoutlook
I am also interested in learning from you. Kindly inform me too. Thanks.
indiamarketoutlook NitinDhanrajani
@NitinDhanrajani, Most welcome. Yes will surely keep you notified....
sanjaytolani indiamarketoutlook
@indiamarketoutlook, , sir please inform me also
@sanjaytolani, Thank you for showing your interest. Will keep you updated...
champvimal indiamarketoutlook
@indiamarketoutlook, Plz inform me too. Thanks
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