Description
⋅ ICICI BANK
CMP 348
- We observe that the stock has spent majority of the time in the channel between 320-380
Given the view one may consider a Short strangle strategy in ICICI Bank
Sell ICICI Bank 320 Put around 8.5
&
Sell ICICI Bank 380 Call around 8.5
Lot size 1375
Max profit potential 1375 *(8.5+8.5) = Rs 23375/-
Yield potential approximately 10% till 25 June.
Loss in strategy if ICICI Bank closes below 303 or above 397 on 25th June 2020
Take care & safe trading...!!!