Prem_Agrawal Updated   
LICHSGFIN Max Pain point is at 440 Strike
Currently Market is trading at 470 ATM

We may witness a wild downfall in LICHSGFIN soon so if you are going LONG stay cautious and Trail your SL

Happy Trading...
Trade active: The market gave Sell Trigger as 472 was broken and it is trading at 467.85
So Shorted 470CE, 460CE, 450CE,
Premium is 6,11.35,19.35
Net Premium received 36.7

This is a positional Trade and we will wait until the stock goes close to 440 Strike as Max pain point is 440

Happy Trading...
Trade closed manually: Max Pain in LICHSGFIN has Shifted from 440 to 450, which is its current ATM Strike

Profit in 470 CE = 5.175
Profit in 460 CE = 9
Profit in 450 CE = 13.05
Lot SIze = 1300
Net Profit = 27.225 * 1300 = 35392

Our Profit is nearly 74% of Premium received which is good

Now LICHSGFIN is near its Trendline so a little bit confusion would be there in the stock and we may see a Spinning Top formation on Tuesday, you can benefit in that indecisive phase by applying Short Strangle.

Happy Trading...

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.