The stock is under accumulation for the past few months.The chart is self explanatory.Read the details given in the chart for a thorough knowledge.
Option sellers can use this script by doing strangle or straddle with break-even falling between 885-999 preferably.
This post is for educational purpose only.
LONG STRANGLE OPTION TRADE STRATEGY
AUGUST 2ND WEEKLY CONTRACT
BUY 27400 PE @35
BUY 27900 CE @35
MINIMUM BREAKEVEN PRICE IS 70
QTY BUY CALL@480
QTY BUY PUT @480
I am entering into a long strangle.
This is an option strategy,
which is non-directional.
CMP - 97.6
Buying - 95 Put - @5.95
Buying - 100 Call - @5.35
Total Buying Cost - 11.30
I'll explain in detail in the comments after market hours.