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Reliance: Chart set up & strategy

Short
NSE:RELIANCE   RELIANCE INDS
Reliance
CMP 1776

Given the set up consider selling Reliance 1840 Call Option between 40-45 ( CMP 43.60)

Lot size 505

Max profit potential Rs 22018/- per lot
Yield potential of 9% till 30 July 2020

In built loss protection for a rise in price up to 1883 till 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



Comment:
Reliance
CMP 1846

Stock is up 70 points

Loss in strategy 22 points 1840 Call option CMP 65

For risk management I have sold 1900 Call option at 42 now

This would increase the risk tolerance to 1912.50 till expiry.

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