STATE BANK OF INDIA/NSE/BUY

Feb 23, 2023

SBIN is at great support and has potential for a bull market as BANKNIFTY is also down.
I have been following this stock and on 22nd Feb around 50% of the volume was taken delivery as per NSE data.
This means people are buying SBIN.
Being a Passive Investor I usually sell put options because if situation goes against my trade I can still buy the stock later.
I feel one can make at least 5% from this trade.
Now I am running at a 1.5% profit
29MAR2023 480PE - ₹ 5 (sell)
29MAR2023 460PE - ₹ 2.75(buy)--------------------JUST FOR DECREASING THE MARGIN

Mar 2, 2023

Note

SQUARE OFF
With 7% ROI