Description
⋅ Suntv is trading near 52W high and is taking support at 900.
Keep strict SL as this is high beta stock and enter only on a red candle.
Go short at or below 925 with SL at 940 for T1 - 900. Keep trailing stop loss it once it reaches 918.
Alternatively go short on 980CE at 11.8 and 880PE at 8.4 together for 20200 INR in 10 days.
Trade closed: target reached
⋅ Reached trgt and not tradable at such speed.
Options on
Trade closed: stop reached
⋅ Spot expired at 999.60 so on options no profit no loss as we had 20 points credit on CE and PE.