Any rise towards 1430 / 1451, needs to be watched carefully. ___________________________________________________________________________________________________
Given the set up suggested F&O strategy,
One may consider to sell Tata Steel 26 August expiry 2021
1460 Call option around between 35 - 42 (Closing price 37.05)
Max profit potential in strategy Rs 31492/- per lot (at closing price) till 26 August 2021
More importantly, the strategy has an inbuilt risk cover for a rise in price up to 1497 till expiry day.
Take care & safe trading....!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
Trade active
⋅
Got the bounce we were looking for in the zone of 1430-1451 sooner than we thought...
Tata Steel 1444
Modification:
Instead of Selling 1460 Call option
we have gone for 1500 Call Short at 39
Max profit potential Rs 33150/- per lot
Risk coverage for a rise in price up to 1539 till 26 Aug expiry