Sun Pharma - Nice Mov Average Crossover trade

Hi All ,
No Naked put/call buy/sell , We can't say if Nifty won't go below further , if it goes , It takes down everything.

Following is strategy:
Buy 630 Call @ 24 , 1 lot
Buy 630 Put @ 19 , 1 lot

Target shown on charts ,Let it go in any direction.

P.S : options are risky , consult your financial adviser before taking trade.

Kommentera:

Folks start booking profits :

630 put @ 40
630 call @ 12

Net 52 sell , buy is 43 i.e profit of 9 rs .i.e 9900 since lot size is 1100

Trade stängt: målet nått:

Screaming Book profits , Take money home now....