indiamarketoutlook

Wipro: Chart set up and trading view

NSE:WIPRO   WIPRO LTD
Wipro

CMP 449

The chart is self explanatory

Given the set up one may consider

Selling Wirpo 480 Call option around 6-9 ( CMP 6.55)

Lot size 3200

Max profit potential in strategy Rs 20960/- per lot (as per CMP )

The strategy provides Inbuilt loss protection for a rise up to 486.55 till expiry ( as per CMP )


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 closed: target reached: Wipro 480 Call Option update ( recommended selling when price was 6.55)
0.35

Profit in strategy
3200 * (6.55-0.35) = Rs 19840 / - per lot

Comments

sir how you took call option trade.Please explain
Reply
@Stockbasket,

If a person buys an Option first, he / she profits when the Option price increases.

If a person sells an Option first he / she profits when the Option price decreases

Here is have sold Wipro 480 Call Option first when price was 6.55.

Now that price has dropped to 0.35, the situation is profitable for an Option seller

So in simple words

Buy price is 0.35

Sell price is 6.55

Difference in the Buy / Sell Price is the profit
Reply
Stockbasket indiamarketoutlook
@indiamarketoutlook, thanks sir
Reply
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