Tech Mahindra - Stratgey for office going people

Mar 10, 2018

Hi All ,
Strategy for office going people .
Analysis : Look at weekly chart ,Nice breakout from pull back in feb , again a pullback candle followed by green candle of this week
Target zone mentioned on chart.

Rule 1 : No naked put /call buy /sell , No over leverage and buy /sell of 5-10 naked lots.

Strategy :
Buy 650 march call 1 lot @ 5.6
Sell 670 March call 2 lot @ 2.9

Don't violate above ratio.You need capital of 2 lakh for this ,in case you dont have, this trade is not for you.

Any close below 650 at expiry will give us small profit of 20 paisa.

Close at 660 will give us 4 rs on 650 call and 5.8 rs on 670 call i.e net 9.8 profit
Close at 670 will give us 14 rs on 650 call and 5.8 rs on 670 call i.e net 19.8 profit
Close at 680 will give us 24 rs on 650 call and 14.5 rs loss on 670 call i.e net 9.5 profit
Close at 690 will give us 34 rs on 650 call and 34 rs loss on 670 call i.e net zero loss /profit.

We will close our position before it reaches 690.

Consult your financial adviser before investing , options are risky , risk of capital loss involved.

Mar 12, 2018

Trade active

Trade active 450 call @ 9 and 470 call @ 4.50

Mar 12, 2018

Note

Ratio is 1:2

Mar 15, 2018

Note

Folks Price is moving as per our expectation, Don't square off in between .
Hold on ,wait patiently , Let price move to 565.

Mar 20, 2018

Note

All office going people should be in office working :-)
Don't touch this trade , let it run , we will check it on Monday/Tuesday next week

Mar 28, 2018

Trade closed manually

Square off 650 call @ 40/45 paisa , let the 670 call expire

Very Small profit of 30 paisa, OK we will look for next opportunity