Option Strategy: Maruti Suzuki Call Butterfly spread
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Buy May 3,900 CE 1 lot
Sell May 4,000 CE 2 lots
Buy May 4,100 CE 1 lot
Target: 10,000
Stop Loss: 1,900
1. Maruti is in long-long unwinding cycle
2. Option indicative band shows immediate resistance at 4,000 and support at 3,700.
3. Considering stable volatility and positive outlook, Call Butterfly spread is recommended
Disclaimer: Motilal Oswal Securities ( MOSL ) is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.Motilal Oswal Securities Limited is registered under SEBI (Research Analysts) Regulation 2014 SEBI Registration No :-INH000000412. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.
Shubham Agarwal is a head of Quantitative Research, Motilal Oswal Securities
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