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manavtechresearch
May 22, 2018 3:27 AM

SBI STRANGLE VOLATILE TRADE STRATEGY 

STATE BK OF INDIANSE

Description

STRANGLE TRADE ON SBI MAY OPTIONS
CURRENT FUTURE PRICE @247.75
BUY 230 PUT OPTION @2.3
BUY 260 CALL OPTION @2.85
TOTAL BREAK-EVEN PRICE IS=5.15
TARGET FOR PUT IS 8
TARGET FOR CALL IS 8
SUGGESTED LOT:BUY 3 LOTS OF CALL AND 3 LOTS OF PUT
LOT SIZE:3000
NOTE:234 ACTS AS CRUCIAL SUPPORT IF BROKEN WILL BE
LONG UNWINDING WILL TEST 220
IF MANAGES TO BREAK 255-258 CAN TEST 272
THERE WILL BE SHORT COVERING THE STOCK HAS
CORRECT MORE THAN 20%
CAN COVER 10%

Trade closed: target reached

Comments
freshtrader
Wonderful spike in the last hour ..
manavtechresearch
@freshtrader, KEEP IT AT 8 AND BOOK
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