SBIN
CMP 201
Observation
- the stock is having support around 192 levels
- resistance is seen around 218-220 levels
Given the setup one may consider Short strangle strategy for SBIN
Consider selling SBIN 30 July expiry
220 Call Option between 4.5 - 5 ( CMP 4.5)
& also
185 Put Option between 4 - 4.5 ( CMP 4)
Lot size 3000
Profit potential Rs 25500/ - to Rs 28500/- ( total premium collection 8.5- 9.5) per lot as per CMP
Yield potential of 12.75% - 14.25%
Loss in strategy if closing on 30 July 2020 is below 176.5 or above 228.50
Take care & safe trading...!!!
CMP 201
Observation
- the stock is having support around 192 levels
- resistance is seen around 218-220 levels
Given the setup one may consider Short strangle strategy for SBIN
Consider selling SBIN 30 July expiry
220 Call Option between 4.5 - 5 ( CMP 4.5)
& also
185 Put Option between 4 - 4.5 ( CMP 4)
Lot size 3000
Profit potential Rs 25500/ - to Rs 28500/- ( total premium collection 8.5- 9.5) per lot as per CMP
Yield potential of 12.75% - 14.25%
Loss in strategy if closing on 30 July 2020 is below 176.5 or above 228.50
Take care & safe trading...!!!
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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.
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.