Prem_Agrawal

POSITION in LICHSGFIN

Prem_Agrawal Updated   
NSE:LICHSGFIN   LIC HOUSING FINAN
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...
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