M & M - Long Strangle for May Expiry

May 17, 2023

M & M is showing weekly trendline crossover on daily time frame. Long strangle positional for may expiry may give huge rewards

trade 1 - Risk 7k, POP 30%
+1x M&M 25MAY2023 1320CE - 2.15
+1x M&M 25MAY2023 1250PE - 8.1

trade 2 - Risk 12k , POP 39%
+1x M&M 25MAY2023 1280CE - 9.25
+1x M&M 25MAY2023 1250PE - 8.1

Please check the trade at your end.

May 18, 2023

Trade active

SL at cost. Keep riding.
Crossover trendlines is always an opportunity