2019MAY_HDFC_NEUTRAL_BEARISH_SPREAD

HDFCBank is trading near its all time high. As per pivot points its upside may be capped to 2360/2400. Creating below option strategy for this expiry. If HDFCBank approaches the BEPS, then will do necessary adjustments.

-1x 30MAY2019 FUTURES - ₹ 2286.35
+1x 30MAY2019 2260CE - ₹ 70.95
-1x 30MAY2019 2260PE - ₹ 45.25
-2x 30MAY2019 2360CE - ₹ 29.8

Max. Profit ₹ +15,062.5 (< 2359)
Max. Loss ₹ Undefined (> 2390)
Breakevens 0-2390.1

Comment:

You can track the payoff graph and live performance of the above spread using the below link.
bit.ly/2DClddQ

Comment:

Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.