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Option Strategy on Bank of Baroda by Motilal Oswal Securities

Fresh Put writing at 160 strike could provide the support

Chandan Taparia  |  Mumbai 

Photo: Shutterstock
Photo: Shutterstock

Option Strategy on by of Securities:
 
(BULL CALL SPREAD)

 
Buy 165 CE 1 lot
Sell 170 CE 1 lot
 
Rationale:
 
1. It has given a reversal on the weekly chart by forming a Hammer candle
2. Holding near to its 50 DEMA and turning from lower band of the rising channel
3. Fresh Put writing at 160 strike could provide the support
4. Call unwinding in 165 and 170 strike propel for a bounce back move
5. Thus low risk strategy is recommended
 
Reward: 15,000                    
Risk: 5000
 
Disclaimer: is a Derivatives and Technical Analyst at Securities.
 
The analyst may have positions in any or all the stocks mentioned above.

First Published: Tue, July 11 2017. 08:20 IST
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