IOC looking weak
تم تحديثه
IOC
CMP 393.2
The stock looks likely to have made a triple top around 430-450 band
- the stock is now trading below the yellow zone making it look weak
- staying below the yellow line zone the stock may potentially head towards the green line zone around 360...
- immediate support at 380 levels highlighted with dotted red line
- sustaining above 405-408 levels might invalidate the pattern
- The stock might consolidate between 408-380 levels till month end...
Given the view One may consider Short Strangle strategy for IOC November expiry
Sell IOC 30-November expiry 410 Call option & 380 Put option
Lot size: 1500
Call Strike Price: 410
Price: 4.35
Put Strike Price: 380
Price: 4.3
Understanding Reward and Risk in the trade
Max profit potential Rs 12975 per strategy lot if IOC closes anywhere in between 380 to 410 on 30-November 2017
Loss if IOC closes above 418.65 or below 371.35 on expiry day
Take care & safe trading...!!!
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Below are links to previous updates on IOC and some other stocks where we have used Derivatives Strategies...
CMP 393.2
The stock looks likely to have made a triple top around 430-450 band
- the stock is now trading below the yellow zone making it look weak
- staying below the yellow line zone the stock may potentially head towards the green line zone around 360...
- immediate support at 380 levels highlighted with dotted red line
- sustaining above 405-408 levels might invalidate the pattern
- The stock might consolidate between 408-380 levels till month end...
Given the view One may consider Short Strangle strategy for IOC November expiry
Sell IOC 30-November expiry 410 Call option & 380 Put option
Lot size: 1500
Call Strike Price: 410
Price: 4.35
Put Strike Price: 380
Price: 4.3
Understanding Reward and Risk in the trade
Max profit potential Rs 12975 per strategy lot if IOC closes anywhere in between 380 to 410 on 30-November 2017
Loss if IOC closes above 418.65 or below 371.35 on expiry day
Take care & safe trading...!!!
----------------------------------------------------------------------------------------------------------------------------------------
Below are links to previous updates on IOC and some other stocks where we have used Derivatives Strategies...
تم فتح الصفقة
IOC Strategy UpdateCom 394.50
The stock has hardly moved...
Short strangle strategy doing well
IOC 410 Call option 1.6
IOC 380 Put option 2.6
Total profit 1500*(8.65 - 4.2)= Rs
6675
Happy trading...!!!
أغلقت الصفقة: تم الوصول للهدف
IOCCMP 390
On expected lines stock hardly moved since 16 Nov...
You don't need runaway rally to earn... You Just need to understand the market conditions & apply different strategies which may fit in those conditions...
Here Short strangle strategy working to perfection...
Current price of
IOC 410 Call option 0.55
IOC 380 Put option 0.75
Total profit 1500*(8.65 - 1.3)= Rs 11025/-
Consider booking profits
Enjoy & Happy trading...!!!
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