RBL Bank
Closing Price 190.65
- On daily charts the stock looks over-bought
- 158-168 may act as support levels
- resistance at 208-212 levels and above that 230
Given the chart setup one may consider buying on dips
________________________________________________________________
Alternatively, one may consider a Short strangle strategy for the stock
Consider selling RBL Bank
150 Put option ( Closing Price 6.65)
&
230 Call Option (Closing Price 9.25)
A combine Premium collection above 15 may considered
Lot size 2600
Max profit potential 2600*15 = Rs 39000 till 30 July expiry
Yield potential of 12.6% approximately on capital deployed
Loss in strategy if RBL Bank closes above 245 or below 135 on 30 July 2020
Take care & safe trading...!!!
________________________________________________________________
Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Closing Price 190.65
- On daily charts the stock looks over-bought
- 158-168 may act as support levels
- resistance at 208-212 levels and above that 230
Given the chart setup one may consider buying on dips
________________________________________________________________
Alternatively, one may consider a Short strangle strategy for the stock
Consider selling RBL Bank
150 Put option ( Closing Price 6.65)
&
230 Call Option (Closing Price 9.25)
A combine Premium collection above 15 may considered
Lot size 2600
Max profit potential 2600*15 = Rs 39000 till 30 July expiry
Yield potential of 12.6% approximately on capital deployed
Loss in strategy if RBL Bank closes above 245 or below 135 on 30 July 2020
Take care & safe trading...!!!
________________________________________________________________
Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Trade active:
RBL Short strangle strategy
150 Put option has made a high of 7.4
230 Call option has made a high of 8.2
Giving us ample opportunity for a Combine premium collection of 15+ as suggested
The trade is active
150 Put option has made a high of 7.4
230 Call option has made a high of 8.2
Giving us ample opportunity for a Combine premium collection of 15+ as suggested
The trade is active
