Charts indicate the stock is running in to series of resistance levels 382 / 390 / 400 / 408 / 412
Given the set up one may consider to sell LIC HSG FIN 31 Dec 2020 expiry
410 Call option around 5
Max profit potential in the strategy Rs 10000 per lot
Yield potential in strategy is of 4.5% on Margin up to 31 Dec
Risk coverage for a rise in stock price up to 415 has been factored in
Do Hit the Like button or Comment below.
Follow for more such ideas.
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
Comment
⋅
Strategy update
LIC HSG FIN 410 Call option CMP 1.40
Suggested selling at 5
Current profit 2000* (5-1.4) = Rs 7200/- per lot
Happy trading...!!!
Trade closed: target reached
⋅
LIC HSG FIN 420 Call option giving the desired results.