Crude Oil January Futures: Bullish Option Trade Setup
Updated
Building upon my prior analysis, where I held a bearish outlook on Crude Oil January Futures, I now present a contrasting bullish perspective. While I had previously emphasized the confidentiality of the stop-loss level for short trades, this setup focuses on a call option strategy aligned with my expectations of upward momentum in the market.
For this trade, I have chosen the 6000 strike call option. The optimal entry point for this position is below ₹234.20, providing a favorable risk-reward ratio. As of this writing, the current market quote (best offer) stands at ₹186.00, offering an attractive entry opportunity for bullish traders.
My target for this position is set at ₹468.40, which I anticipate achieving by the contract's expiry on 15th January 2025.
Key Notes:
Disclaimer:
Trading in options and futures involves significant risk and may not be suitable for all investors. This analysis is solely my personal view and is shared for informational purposes. Perform your own due diligence or consult with a financial advisor before making any trading decisions.
For this trade, I have chosen the 6000 strike call option. The optimal entry point for this position is below ₹234.20, providing a favorable risk-reward ratio. As of this writing, the current market quote (best offer) stands at ₹186.00, offering an attractive entry opportunity for bullish traders.
My target for this position is set at ₹468.40, which I anticipate achieving by the contract's expiry on 15th January 2025.
Key Notes:
- This trade is based on my personal analysis and market perspective.
- It is important to emphasize that this is not a trade recommendation for the public.
- The stop-loss level remains confidential and forms an integral part of my risk management approach.
Disclaimer:
Trading in options and futures involves significant risk and may not be suitable for all investors. This analysis is solely my personal view and is shared for informational purposes. Perform your own due diligence or consult with a financial advisor before making any trading decisions.
Trade closed manually
I booked full profit in the 6000 January call option @ CMP 298, the Buy Price was 190.00. Trade closed.
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