We observe - Infy trading in an uptrend channel - trades near the upper end of the channel around result date and then drops towards the lower end of the channel in the next few weeks
Given the set up:-
one may consider to - sell Infy 1440 Call option in zone of 25-33 (Closing Price 26.15) - Buy Infy 1480 Call option in zone of 15-18 (Closing Price 16.3)
Lot size 600
The strategy has a 12% ROI potential and has an inbuilt loss protection for a rise up to 1450 till expiry day
In medium term the stock has the potential to move towards 1620 odd levels
Take care & safe trading!!!
Disclaimer:
- The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be