Aurobindo Pharma : Mirror image trade potential & strategy
Aurobindo Pharma
Closing price 648
The chart reflects certain pattern & based on our interpretation, we might see some consolidation in prices for the next month or two.
If Aurobindo Pharma is to replicate a Mirror image pattern then a potential Short strangle strategy may be considered.
Consider selling Aurobindo Pharma
720 Call option around 20
&
580 Put option around 16
Lot size 1000
Max profit potential in strategy Rs 35000/-
Loss in strategy if Aurobindo Pharma closes above 755 or below 545 on 28-May expiry day
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Cash buying may be considered in 580-615 range
----------------------------------------------------------------------------------------------------------------
Trading in Options involves risk. Understand & do follow risk management measures. Consult your financial advisor.
Take care & safe trading...!!!
Closing price 648
The chart reflects certain pattern & based on our interpretation, we might see some consolidation in prices for the next month or two.
If Aurobindo Pharma is to replicate a Mirror image pattern then a potential Short strangle strategy may be considered.
Consider selling Aurobindo Pharma
720 Call option around 20
&
580 Put option around 16
Lot size 1000
Max profit potential in strategy Rs 35000/-
Loss in strategy if Aurobindo Pharma closes above 755 or below 545 on 28-May expiry day
----------------------------------------------------------------------------------------------------------------
Cash buying may be considered in 580-615 range
----------------------------------------------------------------------------------------------------------------
Trading in Options involves risk. Understand & do follow risk management measures. Consult your financial advisor.
Take care & safe trading...!!!
Transaction en cours:
720 call option opened at 21.75 made a high of 22.5 giving us a good price to sell above 20
580 Put option too made a high of 16.40 giving us our price of 16 to sell
Trade is active
580 Put option too made a high of 16.40 giving us our price of 16 to sell
Trade is active
Transaction en cours:
Strategy Update
720 Call option sold @ 21.50 is currently at 17.8
&
580 Put option Sold @ 16 is currently at 9.50
Net so far 1000*( 37.5 - 27.3 ) = Rs 10200/-
720 Call option sold @ 21.50 is currently at 17.8
&
580 Put option Sold @ 16 is currently at 9.50
Net so far 1000*( 37.5 - 27.3 ) = Rs 10200/-
Transaction en cours:
Strategy Update
720 Call option cmp 13.35
580 Put option cmp 4.9
Net so far 1000*( 37.5 -18.25 ) = Rs 19250/-
Enjoy & have a gr8 weekend...!!! :-)
720 Call option cmp 13.35
580 Put option cmp 4.9
Net so far 1000*( 37.5 -18.25 ) = Rs 19250/-
Enjoy & have a gr8 weekend...!!! :-)
Trade fermée manuellement:
Auro Pharma CMP 668
Strategy Update
Broader market has seen wild swings, yet Aurobindo has been fairly quiet & has stayed within a small range.
720 Call option cmp 10
580 Put option cmp 4.75
Net so far 1000*( 37.5 -14.75 ) = Rs 22750/-
The strategy has worked well & is rewarding a good profit.
Consider to book profits as per your risk appetite
Happy & safe trading...!!!
Strategy Update
Broader market has seen wild swings, yet Aurobindo has been fairly quiet & has stayed within a small range.
720 Call option cmp 10
580 Put option cmp 4.75
Net so far 1000*( 37.5 -14.75 ) = Rs 22750/-
The strategy has worked well & is rewarding a good profit.
Consider to book profits as per your risk appetite
Happy & safe trading...!!!
