The stock is in down trend
trading below previous important low
suggesting further weakness
One may consider selling
RCOM November month Call option
Lot size 14000
Strike Price 17.5
Margin requirement approximately Rs 45000 per lot
Profit potential till expiry Rs 14700 /- per lot
Trading in & 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...!!!
Stock has made a high of 18.30 and currently at 17.40
CMP of RCom 17.50 Call option 1.45
Continue to hold.
Recommended selling RCom 17.50 November expiry Call Option at 1.05 on 27 Oct 2017
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...