This trade has an insane risk to reward. Considering all commodity market are mean reversing as of now. CMP of VEDL is 215. One can aim for 300 level with CBSL at 200. The good part is - Being a metal and politically influenced power stock; it moves very slowly. You can do covered call by selling call options. Like 240 CE for this month along with future buy.
Buying stocks are more better because it gives nice dividend.