Market technicals | Buzzing stocks | Derivatives strategy
Nandish Shah |
BULL SPREAD Strategy on FEDERAL BANK
Buy FEDERAL BANK (30-June Expiry) 95 CALL at Rs 2.35 & simultaneously sell 100 CALL at Rs 1.10
Lot Size 10,000
Cost of the strategy Rs 1.25 (Rs 12,500 per strategy)
Maximum profit Rs 37,500 if Federal Bank closes at or above 100 on 30 June expiry.
Breakeven Point Rs 96.25
Disclaimer: Nandish Shah is Technical Research Analyst at HDFC Securities. He doesn't hold any position in the stock. Views are personal.
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