Follow up on L&T & ICICI Bank.
L&T moved in an undesirable direction and closed at 947, down 16 points from 963. The 920 CALL closed at 33.60, down from 46. It is a good time to buy 1 more lot, so the average price reduces to 39.8. If the stock regains yesterday's close, then we would be able to break even.
ICICI bank closed 1022, 2 points up from previous close. The trade could be closed today with the following results.
BUY 1000 CALL @ 36.00 - SELL 1000 CALL @ 34.60
Profit = -1.40
SELL 1020 CALL @ 26.00 - BUY 1020 CALL @ 21.30
Profit = +4.70
Net profit = 3.30
Investment gain = 825
L&T moved in an undesirable direction and closed at 947, down 16 points from 963. The 920 CALL closed at 33.60, down from 46. It is a good time to buy 1 more lot, so the average price reduces to 39.8. If the stock regains yesterday's close, then we would be able to break even.
ICICI bank closed 1022, 2 points up from previous close. The trade could be closed today with the following results.
BUY 1000 CALL @ 36.00 - SELL 1000 CALL @ 34.60
Profit = -1.40
SELL 1020 CALL @ 26.00 - BUY 1020 CALL @ 21.30
Profit = +4.70
Net profit = 3.30
Investment gain = 825
On the other hand, the trade could be kept for the rest of the week, for a max gain of 2500. I would prefer to book profit, considering the market is in a down trend.
No comments:
Post a Comment