Amit_Ghosh

RBL Bank Theta Decay Trade

Short
NSE:RBLBANK   RBL BANK LTD
RBL Bank went up today due to the block deal.

Block deal of 1.89 crore shares in RBL Bank.
t.co/jW3zILbiMI t.co/3peuHUpCWW


We are expecting a minor profit booking though Market seems to be bullish for tomorrow as NASDAQ ended green. Our aggressive bet is to short RBLBANK August 540 CE at 5.2 for a potential profit of 5200 INR.

The breakeven point is lucrative considering the heavy rise of IV today.

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