Rcom going down the lane
Updated
Rcom
CMP 16.2
The stock is in down trend
trading below previous important low
suggesting further weakness
Trading plan
One may consider selling
RCOM November month Call option
Lot size 14000
Strike Price 17.5
Price 1.05
Margin requirement approximately Rs 45000 per lot
Profit potential till expiry Rs 14700 /- per lot
Trading in Futures & Options involves risk so do your risk management properly
Exit from strategy if RCom gives a close above 18.35 in Equity
Take care & safe trading...!!!
CMP 16.2
The stock is in down trend
trading below previous important low
suggesting further weakness
Trading plan
One may consider selling
RCOM November month Call option
Lot size 14000
Strike Price 17.5
Price 1.05
Margin requirement approximately Rs 45000 per lot
Profit potential till expiry Rs 14700 /- per lot
Trading in Futures & Options involves risk so do your risk management properly
Exit from strategy if RCom gives a close above 18.35 in Equity
Take care & safe trading...!!!
Trade active
RCom unveils new debt repayment planStock has made a high of 18.30 and currently at 17.40
CMP of RCom 17.50 Call option 1.45
Continue to hold.
Note
RCom Strategy updateRecommended selling RCom 17.50 November expiry Call Option at 1.05 on 27 Oct 2017
CMP 0.40
That's a profit of (1.05-0.40)*14000 = Rs 9100
Profit yield is of 20% + on Margin amount of Rs 45000 in 10 days
Consider to book profits as per risk appetite...
Happy trading...!!!
Related publications
Disclaimer
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.